Question
Robin began taking required minimum distributions from her profit sharing plan in 2017. In 2019, Robin died after suffering a heart attack. She did not
Robin began taking required minimum distributions from her profit sharing plan in 2017. In 2019, Robin died after suffering a heart attack. She did not have a named beneficiary for her profit sharing plan. Which of the following statements is false?
A. | Robins estate may take a full distribution of the profit sharing plans assets in the year of her death.
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B. | In the year of Robins death the minimum required distribution will be equal to the minimum required distribution had Robin not died.
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C. | Robins estate must take a distribution of the profit sharing plan account balance by the end of the fifth year after Robins death.
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D. | The required minimum distribution for years subsequent to Robins death will be calculated utilizing the factor according to Robins age reduced by one in each succeeding year |
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