The section you highlighted is preceded by the qualifier of those not using the life expectancy. As a mere designated beneficiary, I am required to use the single life expectancy table so this doesn't apply to may situation. However, you pointed me in the right direction as to Publication 590-B which states:
"If the owner died on or after the required beginning date, the IRA beneficiaries are responsible for figuring and distributing the owner's required minimum distribution in the year of death. The owner's required minimum distribution for the year of death is generally based on Table III (Uniform Lifetime) in Appendix B. However, if the sole beneficiary of the IRA is the owner's spouse who is more than 10 years younger than the owner, use the life expectancy from Table II (Joint Life and Last Survivor Expectancy).
Note.
You figure the required minimum distribution for the year in which an IRA owner dies as if the owner lived for the entire year."
The key for my situation is the highlighted sentence with "in the year of death." Meaning, not the year after they died, just the year of death. Consequently, the year after the death, I need to figure my RMD based on the 10 yr Rule and the ending balance of the account as of year end 2023 and I must use the Single Life Expectancy for my age.
I'm going to call another financial institution I have IRA accounts at, even another Inherited IRA and get their take on the issue. I'll post back as to what they say.
Thank you for your response.
