I inherited IRA from my mother who passes away March 2020. I was a designated (non eligible) beneficiary.
The new 10 year rule applies, I have taken a distribution in 2021 (but not 2020) and TT is asking if this was a RMD?
My mom was 83 and had done RMDs before her death.
I had interpreted the 10 year rule to mean that account has to be depleted after 10 years, but without any annual requirements for years 1-9 , assuming all funds could stay in there until year 10.
question1: is my distribution considered a RMD? if yes, TT asks the exact amount of RMD - how do I know?
question2: it seems there is discussion now on 10 year rule interpretation from IRS, some sources stating that in fact RMDs are required for year1-9 as my mother was old enough and had done RMDs already
I read publication 590-B, and this does NOT seem clear to me
do you know if in fact RMDS for year1-9 are required or is this still in debate?
thanks
