IRS Issues Final Regulations on Required Minimum Distributions for Inherited IRAs

New rules clarify withdrawal requirements and eligibility, impacting tax planning for beneficiaries.

Final regulations address required minimum distribution (RMD) rules for inherited IRAs under the SECURE Act.
Beneficiaries must withdraw inherited IRA assets within ten years, with specific annual withdrawal rules.
Eligible beneficiaries, including spouses and minors, have different withdrawal options compared to other beneficiaries.
Penalties for failing to meet RMD requirements can be substantial, but recent IRS notices offer transitional relief.
Rules take effect in 2025, with guidance for interpreting regulations until then.