 2009 Rules and IRA Beneficiary |
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 Apr 14 2009, 08:14 AM
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#1
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Registered User Group: Registered Posts: 5 Joined: 18-September 01 Member No.: 7,936  |
A child has been making the required withdrawals from the deceased parents' IRA accounts (inherited accounts). Based on the rules for 2009 that minimum required distributions are not required - would this fall into that category? The deceased parents never had attained the age of 70.5. Any guidance is greatly appreciated.
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Apr 14 2009, 08:33 AM
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#2
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Registered User Group: Registered Posts: 626 Joined: 4-November 02 From: Denver Member No.: 10,658 |
Payments to beneficiaries fall under the Required Distribution regulations and have been suspended for 2009. It does not matter that the parents had not reached 70 1/2 at the time of their death. The Worker, Retiree, and Employer Recovery Act of 2008 suspended all 2009 required distributions including those to beneficiaries.
See also IRS Notice 2009-9 HERE This post has been edited by jevd: Apr 14 2009, 09:02 AM -------------------- JEVD
AKA S-cubed |
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| Lo-Fi Version | Time is now: 21st November 2009 - 06:55 PM |