I inherited an IRA from my sister. I’m 85 years old; she was 75 years old when she died. How do I figure required minimum distributions?

I inherited an IRA from my sister. I’m 85 years old; she was 75 years old when she died. How do I figure required minimum distributions?

When someone who is not a surviving spouse inherits an IRA, the account must be drawn down over the life expectancy of the beneficiary (your life expectancy); the account owner’s age doesn’t matter. Your life expectancy is determined by using an IRS table called the Single Life Expectancy Table. However, there’s good news! You are not required to take any distribution in 2009. The required minimum distribution rules have been suspended for 2009.