Inherited Traditonal IRA vs. Inherited Roth IRA
Is RMD required by end of SAME year of death for Inherited Traditional IRA? The FOLLOWING year for Inherited Roth IRA? Much confusion around IRS Notice 2024-35…
Answers
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The Required Minimum Distribution (RMD) for an inherited Traditional IRA is not requred by the end of the same year of death. The RMD for an inherited Traditional IRA must begin by December 31 of the year after the death of the original account holder.
The RMD for a Roth IRA must be distributed within 10 years following the year of death. It can be taken overtime within those 10 years.
Here is a link to the IRS for more information:
