@Anonymous_ wrote:
@Opus 17 wrote:
....That means your husband does not have to take an RMD for 2022 or 2023, has nothing to fix for 2022, but should plan to start taking RMDs in 2024.
Considering the IRS Notice states that RMDs would "apply no earlier than the 2023 distribution calendar year", would you not want to err on the side of caution?
IRS notice 2023-54 waives penalties for failing to take an RMD in 2023 on inherited IRAs.
https://www.irs.gov/pub/irs-drop/n-23-54.pdf
https://www.forbes.com/sites/kristinmckenna/2023/07/19/beneficiaries-of-inherited-iras-get-more-rmd-...
For tax planning purposes, the husband may want to think about spreading out the withdrawals over the next 8 years, instead of taking a lump sum in 2031. This of course depends other income, tax rates, the amount of money involved, and so on. But at least for 2023, failing to take an RMD will not be penalized.
