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Deductions & credits
@Opus 17 wrote: "This is a new rule that is starting in 2024, but is retroactive to 2020, except that you won't be penalized for failing to take RMDs from 2021-2023. But you must start in 2024."
The IRS has pushed back the Inherited IRA "penalty" rule to 2025.
IRS Delays Inherited IRA Rules to 2025: What You Need to Know | Kiplinger
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎September 9, 2024
8:59 AM
8,581 Views