RMD = Required Minimum Distribution.
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https://www.irs.gov/publications/p590b#en_US_2017_publink1000230760">https://www.irs.gov/publication...>
Quote:
"Owner Died Before Required Beginning Date
If the owner died before his or her required beginning date (defined earlier), and you are the designated beneficiary, you generally must base required minimum distributions for years after the year of the owner's death using your single life expectancy shown on Table I in Appendix B as determined under Beneficiary an individual , later.
See 5-year rule , later, for situations where an individual designated beneficiary may be required to take the entire account by the end of the fifth year following the year of the owner's death."
end quote
The 5 year rule allows the entire amount to be distributed within 5 years. In your case both were missed.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
