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How do I know if I have RMD for my 1099-R that I inherited from my father after he passed away and I took the money out as a 25 year old (box 7 code: 4)?
My father passed away at the end of 2022. His account was split and moved into mine and each of my 3 siblings’ names by December 2022. I took the money out and closed the account during 2023, I think around July and received the money around a week after closing the account. It was Fidelity. This is my first time ever dealing with a 1099-R, please help me. Thank you!
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March 28, 2024
1:02 AM