What are my distribution options as an IRA beneficiary if the IRA holder died on or after his or her required beginning date?
When an IRA holder dies on or after his or her required beginning date, required distributions for beneficiaries, beginning in the year following the year of the IRA holder’s death, are generally determined according to the single life expectancy of the beneficiary. However, if the remaining life expectancy of the deceased holder is longer than the life expectancy of the beneficiary, the beneficiary may use the remaining life expectancy of the deceased IRA holder. For nonspouse beneficiaries (as well as spouse beneficiaries in cases where the spouse beneficiary is not the sole beneficiary) the life expectancy factor is determined according to a nonrecalculation method. On the other hand, in cases where a spouse beneficiary is the sole beneficiary, his or her life expectancy factor is determined according to a recalculation method.
Related Questions
- What distribution options does a non-spouse beneficiary have when inheriting an IRA following the death of a parent before the parent was taking his minimum age 70-1/2 distributions?
- What are my distribution options as an IRA beneficiary if the IRA holder died on or after his or her required beginning date?
- What are my distribution options as an IRA beneficiary if the IRA holder died before his or her required beginning date?
