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Get your taxes done using TurboTax
How do I report MRD amounts taken by beneficiaries of an IRA in the year the IRA owner died? Currently TurboTax applies 25% penalty to the deceased person since they didnt' take all of the MRD, but the remaining amount was taken when the IRA was distributed to the beneficiaries in 2024.
‎February 23, 2025
5:12 AM