Grandma passed away in August of 2025 without making her Traditional IRA RMD for that year. Inherited IRAs did not reach the multiple beneficiaries until February of 2026. 2025 RMD has still not been taken by anyone. My understanding is that recent changes from the SECURE Act give us until either 4/15/2026 or 12/31/2026 (I'm confused as to which) to take that 2025 RMD without a penalty.
I have questions:
- Is that deadline to take the RMD 4/15 or 12/31?
- Do we need to fill out a form 5329 for 2025 to get the waiver or can we skip that, since the waiver is automatic?
- Do we need to enter anything related to all this in our 2025 Turbotax or do we just take the RMD this year and enter the resulting 1099-R in 2026 Turbotax? (I'm not even sure how I would record the fact of a missed RMD in Turbotax 2025 when it wasn't even our IRA at the time.)
