IRS Says Beneficiaries Can Disclaim After Taking RMD
Sep 26, 2005
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By Ed Slott, CPA
In the past, beneficiaries couldn't accept a nickel from an inherited IRA if they were thinking about "disclaiming" the inheritance in favor of the next beneficiary. Now, the IRS has said the primary beneficiary can take the year-of-death RMD and still disclaim all or part of the inheritance. Here's what you need to know.