Relief for Certain RMDs Extended through 2024
The IRS recently issued Notice 2024-35, which provides special relief for required minimum distributions (RMDs) for certain inherited accounts subject to the 10-year rule. Inherited accounts subject to the 10-year rule for RMDs are discussed on pages 26 to 30 of the Tax Year 2023 M+O=CPE Individual Tax Year-End Workshop Reference Book. The IRS had previously provided special relief from penalt...