@dmertz Thanks for your reply... just to clarify in the second option you detail (non-spouse, not distribution/rollover, past 5year mark), can the beneficiary still opt for complete distribution all at once and claim the total amount as income on their current year tax returns?
If a complete all at once distribution is possible after the 5year mark would one still need to file a 5329 and request a waiver since the beneficiary would be paying taxes on the whole amount at their normal income tax rate? In other words, would they have to pay both income tax on the whole amount and the potentially missed RMD distributions even though they do a complete payout, just late due to reasonable cause?
