Year of Death RMD

My brother and me have equally inherited our father’s Traditional (Rollover) IRA.

I have read this article http://www.theslottreport.com/2010/09/year-of-death-rmd.html
and have some questions about the Year of Death RMD.

Since my father did not take his RMD for 2013 I believe an RMD using his Life Expectancy has to be taken. Is this correct? If so, can his estate or Trust take the RMD? If this is possible then we as beneficiaries would not have to take it, and therefore not be taxed.



The named beneficiary has to take it – it can’t be taxed to the estate or Trust unless one of those entities were named as the IRA beneficiary. The tax rates are much higher for the estate/Trust so it’s better that individuals take it. Only one of you needs to withdraw it in 2013 as long as his total RMD is withdrawn. So if one of you has some cash needs this year, they can take the distributions out of their share.



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