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Got a serious question: MIL is beneficiary to FIL IRA

2K views 2 replies 3 participants last post by  fangard 
#1 · (Edited)
I know I should ask a CPA, but with the brain trust here on 2cool, someone must know this answer.

My FIL died in this year in June. He was already 70 1/2 (going to be 71 in July) when he passed. He took his RMD already for this year in April to meet the IRS requirement for 2018.

Now that he is gone, my MIL (who will be 71 in Nov 2018) is the sole beneficiary. We are working with the IRA to transfer the account to her name now. My question is does she now have to also withdraw another RMD this year or did his RMD suffice?

Thanks in advance.
 
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