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Question for the Money Doctors

Question submitted on Dec 28, 2021.

Question

how do you calculate an RMD for a Trust or Estate?

Answer

Unfortunately, there is not a short answer to this question!  There are several questions that would need to be answered first before you know how to calculate the RMD when a trust or estate is the beneficiary of an IRA.  In general, where a trust is the beneficiary, the type/provisions of the trust will dictate how the RMD is calculated.  Also important is whether the beneficiary of the trust is an individual, entity or an "eligible designated beneficiary."  If you are not working with a CPA, attorney or trust company I would suggest a consultation would be worthwhile.


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