Is there a problem if I take my RMD for two IRA accounts from one account if one is inherited (distribution code4) and the other a normal IRA (distribution code 7)?

[stevecrain1]

I would prefer to take the entire RMD from the Inherited account if possible.

[SweetieJean]

Are you yourself required to take an RMD, or is it just for the inherited account?

[dmertz]

"RMD for two IRA accounts" seems to imply that an RMD is required to be determined for each IRA, so my answer reflects that.  If an RMD was only required of the inherited IRA, I don't think the question would have been asked.

[dmertz · Accepted solution]

What you propose is not permitted unless the inherited IRA was inherited from your spouse and you choose to treat the inherited IRA as your own going forward.

The RMD for the inherited IRA cannot be satisfied by a distribution from your own IRA or vice versa.  If these are the only two IRA accounts, the RMD for a particular account must be satisfied from that account.

If you are the spouse of the deceased IRA owner, you can treat the inherited IRA to your own by transferring it to your own IRA or re-titling the account in your own name only.  If done in the year that the deceased died, you are still responsible for completing the deceased's RMD for the year of death, if any.  If done in a subsequent year, you are treated as being the owner of the account for the entire year and therefore the RMDs can be aggregated for that year and subsequent years..

[stevecrain1]

Thanks for the clarification!

[Critter]

I stand corrected ... mind burb.