My sister died in September 2018. She had no will and had no designated beneficiaries for her IRA accounts. The estate went to probate. The IRA funds (Traditional and Roth) were just recently distributed (2023).
Do these funds fall under the 5-year rule or 10 year rule? Do I need to withdraw all the funds this year (5 years after date of death)? What are my options to avoid IRS penalties?
Thank you.
