KrisD15
Expert Alumni

Get your taxes done using TurboTax

I see your issue was resolved, but I thought I would edit my original answer for anyone else viewing your post. 

You say both accounts were inherited, and the rules for RMD and time to deplete inherited accounts have changed recently. 

How you take Required Minimum Distributions and how those amounts are calculated depend on several factors, such as your relationship to the original owner and the year the account was inherited.  If the original owner passed in 2024, there could be a Required Minimum Distribution required to be made in regards to that owner. 

 

If a RMD needs to be made, the distribution can be made from multiple accounts as long as the accounts are similar (traditional or Roth) and if inherited, inherited from the same person. 

 

Although the requirement to take yearly distributions has replaced the option to hold and deplete the account over a period of 5 or 10 years for some, the penalty for non-compliance has been waived for tax year 2024. 

 

HERE is an IRS link about 5 and 10 year rules

HERE is a link about the rules being waived

HERE is a link about RMD for inherited Traditional IRA and inherited Roth IRA

 

 

If you still feel there is an issue, can you continue the question and provide more details such as 

when the accounts were inherited

what your relationship to the original own was

what you did with the accounts

where does TurboTax indicate more distribution needs to be made (which screen)?

 

[Edited 3/3/2025 I 3:24pm PST]

 

@lbenioff25 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"