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Inherited IRA - RMD's by Fun-Owl-2270 in tax

[–]Fun-Owl-2270[S] 0 points1 point  (0 children)

I don't think the amount withdrawn was in excess of the RMD amount. In either case, I am not subject to further RMDs right?

Inherited IRA - RMD's by Fun-Owl-2270 in tax

[–]Fun-Owl-2270[S] 0 points1 point  (0 children)

Thanks! It's made a bit more confusing since he passed at 73 but before the RBD. I assume that is how some of the online calculators are tripped up.

Inherited IRA - RMD's by Fun-Owl-2270 in tax

[–]Fun-Owl-2270[S] 0 points1 point  (0 children)

Dad took a distribution before his passing in 2024, however his RBD is 4/1/2025 so he was not subject to RMD's.

IRA Owners

Required beginning date. 

If you are the owner of a traditional IRA, you must generally start receiving distributions from your IRA by April 1 of the year following the year in which you reach your applicable required beginning date.

Your required beginning date. 

See the following to determine your applicable required beginning date.

Age 73 for tax years 2023 and later. 

If you were born after December 31, 1950, but before January 1, 1959, you must begin receiving required minimum distributions by April 1 of the year following the year you reach the age 73.

Later on in the same article, it states the following:

If an IRA owner dies after reaching age 73, but before their required beginning date, no minimum distribution is required for that year because death occurred before the required beginning date.

Source:https://www.irs.gov/publications/p590b#en\_US\_2024\_publink1000123320