What is the required minimum distribution of an inherited IRA when the beneficiary was an estate of an individual that dies in 2019 and b4 required to take RMD's

Forum|Forum|5 years ago
June 25, 2021
2 replies
19 views

There are 2 designated beneficiaries of the Trust but unclear if the RMD period is 5 or 10 years? The beneficiaries are the nieces of the deceased and only in their 40's? After reading the IRS Pub documentation I am still confused.

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Accountant-Man

Level 13

IRAs left to an Estate or a Trust? You mention both.

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George4Tacks

Level 15

This chart may help https://www.irs.gov/retirement-plans/required-minimum-distributions-for-ira-beneficiaries

From your statement - Died before required beginning date & beneficiary of the IRA was a trust - With that "Take entire balance by end of 5th year following year of death"

Now the question is who owes the tax on the IRA? The trust was the beneficiary of the IRA, but the nieces are the beneficiaries of the trust.

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