Calculating the RMD if passing happens before RBD and 70.5

[Guest Bennefitsforall]

If an employee with an IRA passes in the year they are to turn 70.5 but before they actually turn 70.5 and before the RBD (required begin date that is April of the year following the year of passing) is there a RMD for the benneficiaries?

or will the IRA pass to the benneficiaries who will use their life expectancy for RMD and not be required to take the RMD until they turn 70.5?

[basumukherji]

If an employee with an IRA passes in the year they are to turn 70.5 but before they actually turn 70.5 and before the RBD (required begin date that is April of the year following the year of passing) is there a RMD for the benneficiaries?

or will the IRA pass to the benneficiaries who will use their life expectancy for RMD and not be required to take the RMD until they turn 70.5?

I believe the answer is negative.

Quote – “If an IRA owner dies after reaching age 701/2, but before April 1 of the next year, no minimum distribution is required because death occurred before the required beginning date.”

IRS Pub 590, p-33, http://www.irs.gov/pub/irs-pdf/p590.pdf