KarenM90
Intuit Alumni

Retirement tax questions

It depends.  If the decedent was 70-1/2 years of age or older, and the account was an IRA or similar account, he/she would have been required to take RMD's.   

 

The RMD rules for beneficiaries do not eliminate the need for the deceased owner’s estate (or beneficiary) to take his or her RMD for the year of death if the owner died on or after attaining age 70½.

 

The best thing to do, if you are not sure if the above applies for this particular account would be to contact the account administrator and find out if an RMD was required for 2019. 

 

 

 

 

 

 

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