MJ Hartman Posted October 20, 2011 Posted October 20, 2011 ira owner born March 1941 dies 7/2011. spouse gets the inherited IRA in 2011. does she need to take an rmd in 2011 or can she wait until April 2012 if she isn't born in 1941 or later and base it on his rmd age 70 1/2. no rmd taken by 2011 prior to his death in July. does she even need to take an rmd?
mbozek Posted October 20, 2011 Posted October 20, 2011 ira owner born March 1941 dies 7/2011. spouse gets the inherited IRA in 2011. does she need to take an rmd in 2011 or can she wait until April 2012 if she isn't born in 1941 or later and base it on his rmd age 70 1/2.no rmd taken by 2011 prior to his death in July. does she even need to take an rmd? There is no RMD for 2011 based on owners age b/c owner died before his required beginning date, 4/1/2012. Spouse who inherits IRA can deem it to be her own IRA by not taking MRD on inherited IRA due 12/31/12 or roll it over to her own IRA and in either case commence RMDs at 70 1/2. mjb
MJ Hartman Posted October 21, 2011 Author Posted October 21, 2011 thanks! this felt like an asppa test question and I'm still tired from 5500 filings!
ESOP Guy Posted October 21, 2011 Posted October 21, 2011 I have found these guys charts on this topic a real help. http://www.keeblerandassociates.com/files/...down%202011.pdf
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