My husband's father passed away in 2021 at age 91 yrs and left a $50,000 IRA to my husband(64 yrs). Under the inherited IRA tax laws it is under the 10 year rule and must be fully withdrawn by Dec 31,2031. We withdrew $10,000 in 2023 . The Turbo Tax program asks to select one of the following:
~ Received all the RMD for 2023
~ Did not receive all the RMD for 2023
~ Was not required to take an RMD for 2023
I'm not sure how to answer this item.
