If you inherit ira or retirement account is it an rmd when account is cashed in and paid out to beneficiary ?
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1 Best answer
MaryK1
Level 9
Jun 5, 2019 3:20:10 PM
Yes, the RMD is the required MINIMUM amount that the decedent was required to withdraw from the account for the year- if you withdrew all the money you fulfilled the RMD requirement. Sorry for you loss.
1 Replies
MaryK1
Level 9
Jun 5, 2019 3:20:10 PM
Yes, the RMD is the required MINIMUM amount that the decedent was required to withdraw from the account for the year- if you withdrew all the money you fulfilled the RMD requirement. Sorry for you loss.