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lpwatts
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My mother past away before the date of her scheduled RMD does her estate still have too take the RMD

 
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2 Replies

My mother past away before the date of her scheduled RMD does her estate still have too take the RMD

Is there a named beneficiary on her IRA?

If there is, then the named benificuary is responsible for the RMD, not the estate, unless the estate is the named benificuary or there was no named benificuary.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Ashby
New Member

My mother past away before the date of her scheduled RMD does her estate still have too take the RMD

If she was due to take an RMD, the heirs must take the RMD prior to doing anything else with the account. If the RMD is not taken, it is subject to penalty.

If you have been taking RMDs every year but haven’t taken your annual RMD before you die, that money must still come out of the account.

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