Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-20-2011, 11:33 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
What are the Required Minimum Distribution rules for beneficiaries of retirement accounts?

Taxpayers who inherit retirement accounts are subject to a separate set of Required Minimum Distribution (RMD) rules. Per the IRS, "all inherited accounts including inherited Roth IRA accounts are included in these calculations."

The calculation for RMD for inherited accounts depends on whether the owner died before or after their RBD. Roth owners are always treated as dying before their Required Beginning Date(RBD).

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What is the penalty for failure to comply with the Required Minimum Distribution? TaxGuru IRA/Sep 0 12-19-2011 09:59 PM
IRS Issues Guidance on 2009 Required Minimum Distribution Waiver Samatg Tax News 0 09-24-2009 02:29 PM
What happens if a taxpayer neglects to take a minimum distribution at Age 70 1/2? TaxGuru IRA/Sep 0 09-09-2008 10:51 PM
How much time do I get before I have to rollover my retirement distribution? mongrel IRA/Sep 2 03-02-2008 09:41 PM
How long do I have to roll over a retirement distribution? Kathy IRA/Sep 2 08-22-2007 09:45 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.