My wife is the beneficiary of her late brothers retirement account IRA. He passed in Nov 2018. An IRA rollover was done in June 2019 into a separate new IRA account in her name. We file joint. We were not aware of the need for Minimum Required Distribution until recently, and did not take one last year. This year we did take the MRD for last year, but late.
Do I need to file 5329 to justify why the 2018 MRD was late, and if so, how with TurboTax ?
Do I need to account for this MRD in our 2019 taxes, and if so, how ?
