TomD8
Level 15

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.