rbynaker
Level 14
03-20-2024
02:16 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If it's any consolation, I can't keep up with it either (even with CPE). I have to look it up every time. I've thought of making a flow chart but then there are certain situations where nobody is quite sure what the rules are. The IRS seems to think that the 10-year rule added to old rules, other professionals think it was Congress' intent that the 10-year rule apply instead of the old rules.
Vanguard has a tool here that you might try:
https://inherited-rmd-calculator.web.vanguard.com/
If you have TheTaxBook or QuickFinder they might be helpful. Otherwise you're left trying to sift through Pub 590B:
https://www.irs.gov/pub/irs-pdf/p590b.pdf
Rick