Permalink Submitted by Alan - IRA critic on Tue, 2020-07-28 04:58
Secure does not clarify whether the EDB is locked into LE or not, but LE appears to be the case. Perhaps the IRS will issue Regs that allow use of the “longer than” distribution period. One such example is an EDB older than the decedent who passes post RBD, and may be able to use the longer decedent’s LE as they can now. Or if the decedent passes prior to RBD, whether they could elect the 5 or10 year rule.
Permalink Submitted by Alan - IRA critic on Tue, 2020-07-28 04:58
Secure does not clarify whether the EDB is locked into LE or not, but LE appears to be the case. Perhaps the IRS will issue Regs that allow use of the “longer than” distribution period. One such example is an EDB older than the decedent who passes post RBD, and may be able to use the longer decedent’s LE as they can now. Or if the decedent passes prior to RBD, whether they could elect the 5 or10 year rule.