Markus7
New Member

Retirement tax questions

Additionally, TurboTax reads:  "Tell us more about this Retirement Plan Distribution.

(my wife's name) needed to take a required minimum amount of money from any qualified employer plans or traditional IRAs, or be subject to a 25% tax.  This is calla required minimum distribution (RMD."

I believe this is incorrect in this situation as my wife is 65 and a RMD is not required until the end of the first year following the year of death for an inherited IRA.

It goes on to state that if the full RMD was not taken, "we'll help you request a waiver of the tax."  Where do get this assistance?