Do I need to take a Required Minimum Distribution (RMD) for my inherited IRA account?
If you're unsure whether or not you need to take an RMD on an inherited IRA, please contact the retirement account administrator(s) to determine if you need to take it at all, and if so, what the amount(s) should be. This will depend on the type of the retirement account and the age of the decedent in 2025.
Generally, you'll need to take the first RMD by December 31st of the year after the date of death unless the decedent didn't take their RMD in the year they passed. If that's the case, you may need to take it before December 31st of the year of death or if you didn't do that in time, you can include a waiver to explain you are now aware of it and are fixing it.
If you withdrew the full amount of the inherited IRA, no RMD is necessary.
If you're required to take an RMD for yourself, or have multiple accounts that require RMD's, please be aware that only distributions from IRAs inherited from the same decedent can be combined to satisfy the RMD from that decedent.
For detailed instructions consult Form 5329 instructions and Publication 590-B .
Generally, you'll need to take the first RMD by December 31st of the year after the date of death unless the decedent didn't take their RMD in the year they passed. If that's the case, you may need to take it before December 31st of the year of death or if you didn't do that in time, you can include a waiver to explain you are now aware of it and are fixing it.
If you withdrew the full amount of the inherited IRA, no RMD is necessary.
If you're required to take an RMD for yourself, or have multiple accounts that require RMD's, please be aware that only distributions from IRAs inherited from the same decedent can be combined to satisfy the RMD from that decedent.
For detailed instructions consult Form 5329 instructions and Publication 590-B .
