Grandfather died last year, mom inherits his TIRA. No problem, clear as mud, she's on his RMD schedule.
My mother died this year, I inherit her inherited TIRA and her TIRA. She was under 70 1/2, so I won't have RMDs until 5 years after her death (starting 2023) based on the 5-year rule.
My question is - and is my suspicion is yes, based on non-spouse rules in IRS Pub 590-B - is do I need to create two inherited TIRA accounts, one from my grandfather's and one from my mother's, since they'd be on different RMD schedules? Or would I be inheriting the whole chunk as one inherited TIRA?
Thanks.
My mother died this year, I inherit her inherited TIRA and her TIRA. She was under 70 1/2, so I won't have RMDs until 5 years after her death (starting 2023) based on the 5-year rule.
My question is - and is my suspicion is yes, based on non-spouse rules in IRS Pub 590-B - is do I need to create two inherited TIRA accounts, one from my grandfather's and one from my mother's, since they'd be on different RMD schedules? Or would I be inheriting the whole chunk as one inherited TIRA?
Thanks.
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