@dmertz Thank you so much. So the IRS only knows there is an inherited IRA as the new broker reports the amount of the new IRA I own on 5498.
So here's the last question. I am disabled and do meet the rules of disabled. How does the IRS know either way that there is $ to be withdrawn or not withdrawn over 10 years? I know they delayed taking RMD again for 2023.
2023 RMD met by my 2 brothers, you answered that prior and to claim the RMD was met in full on my aunts return.
Now in 2024 as I'm the only one who is maintaining a inherited IRA of hers. Since I'm disabled. New laws on distributions. What RMD would I need to take? She was born in 1946 and already started her RMD. I was born in 1967 and am MFJ. As we are in semi-retirement stage of life, and own rentals, properly managing income and taxes is high up on my list.
Thank you!!!!
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
