Father passed away, and left the two children as named beneficiaries of both an IRA and a Roth. Investment firm requested that I obtain an EIN. When doing so, IRS requested I fill out 1041. Is this necessary for inherited IRAs, on a formality from obtaining the EIN? Does it make a difference with regard to how I take the distributions i.e. lump sum vs distributions over ten years? I'm confused as to if I need to file this 1041 at all....
