I am a sole designated beneficiary of an inherited IRA. In 2020 my mother passed away at the age of 74. She was taking her RMD at the time I inherited the IRA in 2020. I did not take any distributions in 2021, 2022 or 2023. I read that the IRS has decided that RMD's were not required in those years as there was confusion about the SECURE 1.0 act. I am also hearing now that Secure 2.0 says the IRS will waive the RMD for at least years 2020, 2021 and 2022. I did take a distribution in 2023 (well above what would have been the RMD for my age and the 10 years that I have to deplete the account). While doing my taxes on Turbotax, Turbotax is assessing the 25% excise tax/fee. This is not right is it? I even changed up the answers to the questions on my mom's age and date of death (made it so that her age was like 65 and that she died in 2022 so as to make it look at though 2023 is the first year a beneficiary had to take an RMD) and Turbotax is still applying the 25% excise fee. Am I missing something here or is Turbotax just flat out wrong? Help please....
