Okay, while I thought we were okay with no Inherited IRA RMD's this year, recent Morningstar article would indicate otherwise. Per Morningstar, the recent IRS Notice only addresses waiver of the 25% excise tax, not waiver of the RMD's. Ugh! ![:oops:]( "D'oh")
Looks like we may be in yet another waiting game for proper direction on RMD's, so the saga continues......Do others see it this way? ![:confused]( "confused")
"On April 16, the IRS issued Notice 2024-35 in which it announced that the automatic waiver of the excise tax that applies to certain 10-year beneficiaries has been extended to 2024. As a result, beneficiaries subject to the 10-year rule and obligated to take annual required minimum distributions get a waiver of the 25% excise tax that could have otherwise applied to their 2024 RMDs. It is important to note that the excise tax is waived, not the RMDs."
https://www.morningstar.com/personal-fi ... tent=53686
Looks like we may be in yet another waiting game for proper direction on RMD's, so the saga continues......Do others see it this way? 
"On April 16, the IRS issued Notice 2024-35 in which it announced that the automatic waiver of the excise tax that applies to certain 10-year beneficiaries has been extended to 2024. As a result, beneficiaries subject to the 10-year rule and obligated to take annual required minimum distributions get a waiver of the 25% excise tax that could have otherwise applied to their 2024 RMDs. It is important to note that the excise tax is waived, not the RMDs."
https://www.morningstar.com/personal-fi ... tent=53686
Statistics: Posted by AllMostThere — Tue Apr 30, 2024 5:44 am — Replies 37 — Views 3798
