My mom passed away in 2018 and my brother and I each inherited 50% of her traditional IRA. We each took the lump sum option in 2019 as the IRA didn’t have a lot of money in it, knowing we would have to pay taxes on the money. When doing our taxes, the turbotax program is asking if this withdrawal was a “Required Minimum Distribution ” and I don’t know the answer. The options to answer are:
*Yes (All or part of the withdrawal is an RMD) or
*No (It is not an RMD) (Not a common answer)
Since it says no is not a common answer, my tendency would be to answer yes, but no seems like the right answer since I took a lump cash sum.
