@AmyC
Thank you Amy. I do understand what you have done. Here are a few more details. One decedent's IRA was split 50/50 with 2 beneficiaries. Each beneficiary now has their own IRA as a beneficiary of the Decedent. RMD for beneficiary #1 is about $13,000. The RMD for beneficiary #2 is unknown but my guess would be maybe around $3,000. Beneficiary #1 is a NYS resident whereas beneficary #2 is not. My understanding is that each beneficiary is entitled to a $10,000 exclusion even though beneficiary #2 will not be taking the NYS exclusion. If I were to use the 50% it would only exclude 50% of the $13,000 whereas I think it should exclude a full $10,000. My turbo tax shows only half of the total not the $10,000 you show. Beneficiary #2 would not exclude anything since they will not file NYS. If I did in fact know the RMD for beneficiary #2 and added that the my RMD for a total then using 50% would still not be correct for either beneficiary. I could make up a number to get to the $10,000 but that would not agree with the 1099R.
