No that is not correct.
The method given above by BILL is for a 5329 for the taxpayer or spouse for their missed RMD but cannot be used for an inherited IRA missed RMD.
TurboTax can ONLY prepare a 5329-T (for taxpayer) or 5329-S (spouse). The 5329 for an inherited IRA MUST be in the name of the deceased with you as benificuary and cannot be in the name of the taxpayer or spouse.
TurboTax does not support a 5329 for that. Even in the forms mode, TurboTax will not allow entering the deceased name and FBO (For benefit of) the person that inherited it as required.
The 2019 5329 for an inherited IRA can only be completed manually on paper and attached to a mailed 2019 tax return.
Download blank 2019 5329 form here:
Form: http://www.irs.gov/pub/irs-pdf/f5329.pdf
Instructions: http://www.irs.gov/pub/irs-pdf/i5329.pdf
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
