Inherited IRA rules

Forum|Forum|2 years ago
February 4, 2024
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I received an inherited IRA in 2023. What are the current withdrawal rules for IRS?

TurboTax Deluxe Online

Mike9241

Level 15

there are many different rules. so tell us which category applies, that will simplify our explanation or you can look them up in iRS PUB 590-B starting on page 9

IRA Beneficiaries
The rules for determining required minimum distributions
for beneficiaries depend on whether:
• The beneficiary is the surviving spouse.
• The beneficiary is an eligible designated beneficiary
(defined later) other than the surviving spouse.
• The beneficiary is an individual (other than an eligible
designated beneficiary).
• The beneficiary isn't an individual (for example, the
beneficiary is the owner's estate). (But see Trust as
beneficiary, later, for a discussion about treating trust
beneficiaries as designated beneficiaries.)
• The IRA owner died before the required beginning
date, or died on or after the required beginning date.

https://www.irs.gov/pub/irs-pdf/p590b.pdf