Successor Beneficiary
T-IRA owner, 90, died in 2017
Adult son inherited & subsequently died in 2020
Surviving spouse (successor beneficiary) inherited
Question
Is the surviving spouse included in the IRS RMD waiver from 2021-2024?
T-IRA owner, 90, died in 2017
Adult son inherited & subsequently died in 2020
Surviving spouse (successor beneficiary) inherited
Question
Is the surviving spouse included in the IRS RMD waiver from 2021-2024?
Permalink Submitted by Alan - IRA critic on Wed, 2024-10-23 14:44
Yes, the successor beneficiary RMD under the 10 year rule receives the RMD waiver per IRS Notice 2024-35, which defines “specified RMDs” eligible for waiver. The successor beneficiary must begin annual RMDs in 2025 and drain the account by the end of 2030.