DianeW777
Expert Alumni

Retirement tax questions

'Yes' it was a required minimum distribution (RMD) is the correct responses to the question.

 

Non-spouse beneficiary options

If the account holder's death occurred prior to the required beginning date (or if the account is a Roth IRA), the non-spouse beneficiary's options are:

  • Take distributions based on their own life expectancy, beginning the end of the year following the year of death, or
  • Follow the 5-year rule

If the account holder's death occurred after the required beginning date, the non-spouse beneficiary may:

  • Take distributions based on the longer of their own life expectancy or the account owner's remaining life expectancy.

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