Inherited IRA from Mother
Hi Terry,
My mother passed away in January of this year. My brother, sister, and I each inherited her IRA, split 3 ways evenly. I know the new rule for 2025 says Inherited IRAs need to be emptied in 10 years.
Are we required to take out annual RMD’s, and are each of our 3 Inherited IRA’s looked at together for rmd’s or as one from our mother?
My sister’s husband was told that just because I withdrew some of the money in my Inherited IRA, the other two have no need to.
Terry Says
For the year-of-death RMD not taken by the deceased, ANY beneficiary can take all or part of that amount. There is no requirement that the year-of-death RMD be distributed proportionately among multiple beneficiaries. But since you took the money out, you will pay the taxes as ordinary income!
Maybe next year your brother can take the full RMD, and your sister can take it the following year!
