How do you calculate minimum distribution on inherited IRA?

To calculate the minimum distribution on an inherited IRA, you first determine the account's balance as of December 31 of the previous year. Next, use the IRS Single Life Expectancy Table to find the life expectancy factor based on the beneficiary's age. Divide the IRA balance by this factor to find the required minimum distribution (RMD) for that year. Remember, different rules apply depending on whether the beneficiary is a spouse or a non-spouse, so it's essential to consider the specifics of the inheritance.