Solved
Designated IRA Beneficiary RMD
Facts:
Traditional IRA
IRA Owner DOB: 04/26/1930
IRA Owners DOD: 10/20/2018
IRA Owner Started Taking RMD's in 2000
Beneficiary Relationship Daughter with no disability or special circumstances
Beneficiary Date of Birth: 03/12/1950
Has taken no RMDS from this IRA since receipt in 2019
Questions:
a) Do these facts and dates mean the survivor is not covered by the 10-year rules? Does this IRA receive RMD treatment (Using the Life Expectance Tables).
b) If it is covered by 10-year rules, when must RMD's begin to avoid penalties.
