Thank you for your prompt posting. Unfortunately I am not classified as a "designated beneficiary" by IRS rules so I am not allowed to invoke a lifetime based schedule. This designation is restricted to the owner's surviving spouse, the owner's minor child, disabled or chronically ill individual & not more than 10 years younger.
As per the IRS, "Distributions to a designated beneficiary who is not an eligible designated beneficiary must be completed within 10 years of the death of the owner. This is where I am classified.
So my question is essentially focused on what is the appropriate response within TurboTax (and with the IRS) for my RMD amount. I am not comfortable with answering with 'zero' as the program suggests which indicates no RMD is scheduled. I am looking for confirmation that indicating a prorated withdrawal based on the 10-year time frame and the yearly December 31 balance is appropriate.
I hoped that a wizard was available within TurboTax present a decision tree that guided the process but unfortunately I have found none.
