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Retirement tax questions
If you are subject to the 10-year rule for a decedent dying after 2019, the IRS waived the penalty for failing to take an RMD from the inherited IRA and no Form 5329 would need to be filed. Otherwise, see the response by rjs regarding getting TurboTax to prepare the Form 5329 to request a waiver of the penalty.
‎January 7, 2025
7:09 AM