Inherited IRA Distribution Rules Update

The SECURE Act of 2019 changed the rules for Inherited IRAs. The distributions can no longer be stretched over the beneficiary's lifetime in many cases. This became known as the new 10 year rule. However, there was significant confusion about this new rule, which left many uncertain on what to do. The IRS recently published a notice on this very topic to help clear the confusion and address those that made incorrect distributions in 2020 and 2021.