When the account holder dies after beginning to take Required Minimum Distributions (RMDs), must the beneficiary(ies) continue to take the distributions?
Yes. An RMD based on the account holder’s life expectancy must be taken by December 31 of the year of the original account holder’s death. If there are multiple beneficiaries, the distribution will be based on the life expectancy of the oldest beneficiary. Subsequent distributions must be taken by December 31 each year.
Related Questions
- When the account holder dies after beginning to take RMDs (Required Minimum Distributions), must the beneficiary(ies) continue to take the distributions?
- How are distributions from a HSA taxed after the account beneficiary is no longer an eligible individual?
- Can a qualified charitable distribution satisfy any required minimum distributions (RMDs) I must take?
