Hi,
I inherited a IRA from my mother (paid out to me in March 2021). She was 74 and her 2020 RMD was paid in Oct/Nov 2020. I received a 1099-R from the payer and entered all the information into TT this morning. I noted it was inherited and my mother's information and that there weren't any contributions. When I get to the RMD questions it asks "How much of the $ amount was RMD?" and am given the choices of all, part or none. I am not sure how to answer this since the entire amount was paid out. Would it be none? I believe I've satisfied the RMD with the whole account being closed, but am concerned the govt. will come at me for 50% for not paying the RMD. Please advise and thank you.
