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Retirement tax questions
" passed away at age 72 this year "
If he was 72 on his birthday last year, the RMDs have begun.
Sincxe his last date to take the first RMD is April 1 2023.you must take his first RMD of 2022 if he did not already take it, in which case you will have to ask IRS for a penalty waiver since it is after April 1.
If he was 72 on his birthday this year, there is no RMD.
@dmertzdoes the 10-year liquidation rule apply to a surviving spouse who maintains an Inherited IRA of their spouse? The rules are so complicated I can't figure it out.
‎September 8, 2023
3:00 PM
4,375 Views