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Retirement tax questions
What rule applies to you that you think TurboTax does not handle correctly?
It is up to the taxpayer to calculate the RMD amount. TurboTax doesn't do it.
IRS says: "the beneficiaries of a deceased beneficiary don't calculate required minimum distributions using
their own life expectancies"
It seems the calculation of RMD continues as for the first beneficiary.
The rules in this situation are complex.
And, the IRS recently issued a notice mandating yearly RMDs for inherited IRAs.
‎January 28, 2023
4:21 AM