Distribution From Terminated Plan

A profit sharing plan terminated in 2019.

Owner took RMD beginning of 2019 based on 2018 account balance..

Now that the plan assets are to be distributed, is it necessary for

the Owner to take another RMD  (distribution is being rolled over to an IRA)?  

When is the next RMD due , and what is it based on?

2019 RMD is satisfied, so no additional RMD in 2019.  Total account balance can be rolled over to IRA by Dec 31, 2019.  If no account balance at Dec 31, 2019, no RMD's in the future from the plan.  (I hope I read your questions correctly.)

2 hours ago, chc93 said:

2019 RMD is satisfied, so no additional RMD in 2019.  Total account balance can be rolled over to IRA by Dec 31, 2019.  If no account balance at Dec 31, 2019, no RMD's in the future from the plan.  (I hope I read your questions correctly.)

100% Agreement.

I agree with the above answers and add when the participant’s Profit Sharing Plan balance is rolled over, during 2019, to the IRA, there is no requirement for the IRA to make a 2019 RMD. However, beginning in 2020, the IRA becomes responsible for following all RMD requirements applying to the participant.