The Listen to Lawrence Letter: IRS Alert

May 10, 2024
May 10, 2024 • Volume 5 Issue 242
ALERT

Pursuant to IRS Notice 2024-35, IF you inherited a retirement plan (IRAs, 401Ks, 403Bs) from a decedent who died in 2020 through 2023 on or after having reached their required beginning date (the date they had to start taking out RMDs), then you (as beneficiary) are not required to take out an RMD in 2024.

www.irs.gov/pub/irs-drop/n-24-35.pdf

I hope this helps.

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