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Post by yogibearbull on Apr 17, 2024 16:04:41 GMT
IRS Waiver of Annual RMD for Inherited Retirement Accounts STRETCH went away (SECURE Act) for most INHERITED retirement accounts; there are important exceptions for ELIGIBLE beneficiaries that include spouses & minors. There was initial confusion for the new 10-yr Rule to empty most inherited retirement plan balances whether the annual RMDs will be still required. The IRS flip-flopped on this & now has resorted to ad-hoc annual WAIVERS. So, we now have a waiver for 2024 RMDs from inherited accounts for the 4th year. What a joke! www.thinkadvisor.com/2024/04/17/irs-waives-2024-rmds-for-ira-beneficiaries-under-10-year-rule/www.irs.gov/pub/irs-drop/n-24-35.pdf
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Post by liftlock on Apr 17, 2024 16:34:20 GMT
This a good example of the IRS issuing complicated rules of questionable value which make more work for itself and for taxpayers.
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