If you inherit ira or retirement account is it an rmd when account is cashed in and paid out to beneficiary ?

taxtime359 · ‎June 5, 2019

MaryK1 · ‎June 5, 2019

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.

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MaryK1 · ‎June 5, 2019

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.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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If you inherit ira or retirement account is it an rmd when account is cashed in and paid out to beneficiary ?