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Here's one of those situations that I know I should know the answer, but just want some confirmation.

Taxpayer's child dies in 2007. Taxpayer is beneficiary on decedent's pension. Taxpayer rolls pension into beneficiary IRA in 2008. Taxpayer has to take annual RMDs from the beneficiary IRA.

I assume the RMDs must begin this year (2008), but what is the account value used to calculate the RMD? Is it the amount converted to the beneficiary IRA (100% of pension)? Something else?

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