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Inherited an IRA from uncle who died at age 70
Last Updated March 18, 2015
I inherited an IRA from my uncle who reached age 70 in last year, and died on January 31, this year. Am I subject to the rules that apply when someone dies before the RBD or the rules that apply when someone dies after the RBD?
You are subject to the rules that apply when someone dies before the RBD. The RBD is April 1 of the year following the year the IRA owner reaches age 70 ½. Therefore, if someone dies before April 1 of the year that follows the year he/she reaches (or would have reached) age 70 ½, he/she died before the RBD.
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