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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
Note. Use this table in the year of the owner's death if
the owner died after the required beginning date and this
is the table that would have been used had they not died.
No table. Don't use any of the tables if the owner died
before their required beginning date and either the 5-year
rule or the 10-year rule (discussed earlier) applies.
Miscellaneous Rules for Required
Minimum Distributions
Revised life expectancy tables for 2022. New life ex-
pectancy tables apply to distribution calendar years begin-
ning on or after January 1, 2022.
Redetermination of initial life expectancies using
new tables. If an IRA owner died before January 1, 2022,
the distribution period that applies for a calendar year fol-
lowing the calendar year of the owner’s death is equal to a
single life expectancy calculated as of the calendar year of
the owner’s death, reduced by 1 for each subsequent
year, and is reset using the new table.
In order to do this, find your life expectancy based on
your age in the year following the owner’s death on Table I
and reduce that number by 1 for each year since the year
of the owner’s death.
The requirement to reset the initial life expectancy also
applies to an owner’s surviving spouse who dies before
January 1, 2022.
Example. Your father died in 2019 at the age of 80 and
you were the designated beneficiary. You started taking
required minimum distributions from the inherited IRA in
2020 when you were age 55, using a life expectancy of
29.6 and reducing that number by 1 each year so that in
2024 (4 years later) the required minimum distribution
would be determined by dividing the account balance by
25.6 (29.6 – 4). However, under the new life expectancy
tables, the life expectancy for a 55-year-old is 31.6; there-
fore, you calculate your required minimum distribution for
2024 by dividing the account balance by 27.6 (31.6 – 4).
Installments allowed. The yearly required minimum dis-
tribution can be taken in a series of installments (monthly,
quarterly, etc.) as long as the total distributions for the year
are at least as much as the minimum required amount.
More than one IRA. If you are the owner of more than
one traditional IRA, you must determine a separate re-
quired minimum distribution for each IRA. However, you
can total these minimum amounts and take the total from
any one or more of the IRAs. The same rule applies if you
are a designated beneficiary of more than one IRA that
was owned by a single decedent.
More than minimum received. If, in any year, you re-
ceive more than the required minimum amount for that
year, you won't receive credit for the additional amount
when determining the minimum required amounts for fu-
ture years. This doesn't mean that you don't reduce your
IRA account balance. It means that if you receive more
than your required minimum distribution in 1 year, you
can't treat the excess (the amount that is more than the re-
quired minimum distribution) as part of your required mini-
mum distribution for any later year. However, any amount
distributed in your age 72 (or age 73) year will be credited
toward the amount that must be distributed by April 1 of
the following year.
Example. Justin became 72 on December 15, 2023.
Justin's IRA account balance on December 31, 2022, was
$38,400. He figured his required minimum distribution for
2023 was $1,500 ($38,400 ÷ 25.6 (the distribution period
for age 72 per the life expectancy table that applied for the
year prior to 2024)). By December 31, 2023, he had ac-
tually received distributions totaling $3,600, $2,100 more
than was required. Justin can’t use that $2,100 to reduce
the amount he is required to withdraw for 2024. Justin's
reduced IRA account balance on December 31, 2023,
was $34,800. Justin figured his required minimum distri-
bution for 2024 is $1,313 ($34,800 ÷ 26.5 (the distribution
period for age 73 per Table III)). During 2024, he must re-
ceive distributions of at least that amount.
Multiple individual beneficiaries. If, as of September
30 of the year following the year in which the owner dies,
there is more than one beneficiary, the beneficiary with the
shortest life expectancy will be the designated beneficiary
if both of the following apply.
•
All of the beneficiaries are individuals.
•
The account or benefit hasn't been divided into sepa-
rate accounts or shares for each beneficiary.
Separate accounts. A single IRA can be split into
separate accounts or shares for each beneficiary. These
separate accounts or shares can be established at any
time, either before or after the owner's required beginning
date. Generally, these separate accounts or shares are
combined for purposes of determining the required mini-
mum distribution. However, these separate accounts or
shares won't be combined for required minimum distribu-
tion purposes after the death of the IRA owner if the sepa-
rate accounts or shares are established by the end of the
year following the year of the IRA owner's death.
The separate account rules can't be used by beneficia-
ries of a trust unless the trust is an applicable multi-benefi-
ciary trust.
Trust as beneficiary. A trust can't be a designated bene-
ficiary even if it is a named beneficiary. However, the ben-
eficiaries of a trust will be treated as having been designa-
ted beneficiaries for purposes of determining required
minimum distributions after the owner’s death (or, after the
death of the owner’s surviving spouse described in Death
of surviving spouse prior to date distributions begin, ear-
lier) if all of the following are true.
1. The trust is a valid trust under state law, or would be
but for the fact that there is no corpus.
2. The trust is irrevocable or became, by its terms, irrev-
ocable upon the owner's death.
12 Chapter 1 Traditional IRAs Publication 590-B (2023)