2009 Rules and IRA Beneficiary

[Guest kcousin]

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.

[jevd]

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