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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.
- For more information see the IRS Retirement Topics-Beneficiary
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‎April 13, 2024
6:07 AM