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  • 1.  A mother in rmd, died in 2018,

    Platinum Most Valuable Member
    Posted 23 days ago

    A mother in died in 2018. she was in RMD. The IRA was split among her 3 children.  one of her children died in 2024 and it was left to his wife.  Does she take over the same period as her husband?  I think that I know the answer but I'm looking for confirmation.

    Thanking you in advance



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    Michael Rubinstein
    CPA
    Michael D. Rubinstein CPA, PC
    North Bellmore NY
    516-900-1429
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  • 2.  RE: A mother in rmd, died in 2018,

    Silver Most Valuable Member
    Posted 23 days ago

    My guess is that the wife continues on her husband's schedule, but now she must deplete the account within 10 years (by 12/31/2034).

    This is an interesting fact pattern. Depending on ages, salaries (incl loss of husband salary), other income, deductions, etc, the optimal distribution strategy can take one down many rabbit holes. 

    I'm also curious about NY treatment. Assuming the son was under 59.5, was a NY resident, and excluding $6,667 (1/3 of $20,000), I'm guessing the wife would continue receiving the same deduction.



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    Marc Lusthaus
    CPA, IL
    ROBERT S. LUSTHAUS, CPA PC
    Plainview NY
    516-937-1366
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    Original Message


  • 3.  RE: A mother in rmd, died in 2018,

    Platinum Most Valuable Member
    Posted 21 days ago

    Michael, I'm actually looking at some of the Inherited IRA rules for a different aspect.

    The spouse who inherits an inherited IRA does NOT get the special spousal rollover rights and rather becomes a "successor" beneficiary and subject to the remaining distribution rules of the original inherited IRA.  Specifically, the spouse can take a lump sum distribution or continue to take annual distributions based on the life expectance of the now deceased spouse but the account number be fully liquidated by the end of the 10th year following the son's death.

    The original "stretch" rules die upon the death of the original beneficiary and the provisions of Secure Act now come into play.



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    Stephen Mankowski
    MANKOWSKI ASSOCIATES, CPA, LLC
    steve@mankowski.cpa
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    Original Message


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The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.