@dmertz “A Form 5498 will be filed for the new account at the beginning of the following year, but it will only show the type of account and the year-end balance.”
Is the purpose of the form 5498 to let the IRS know that an IRA account was inherited? If not, how would they know to make sure that a Trustee is implementing the proper RMDs per the SECURE 2.0 Act?
