Good Afternoon,
My mother passed away in 2023. She had a mutual fund account that had been rolled over from her 401K many years ago. My mother was withdrawing the Required Minimum Distribution (RMD) every year for this account, and paying taxes on it
After her death, in the middle of last year, the account was transferred to my name as a Traditional IRA, b/c I was the beneficiary in her account. I'm also the executor of her Will
What happens with the RMD for 2023?
- Because in 2023 it wasn't taken, and it was supposed to be taken before December 2023
- Also if I request a RMD now in 2024, how do I do that if the accounts aren't hers anymore, but they're under my name now
TIA
Best regards,
Nick
