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Inherited IRA with total distribtion
My wife received a total distribution from an inherited IRA after her dad passed away. I entered it as a total distribution with code 4 for death as on the 1099R. Turbo Tax asks me what portion of the distribution was a RMD? The amount was for $9491.57. Since it's a total cash out, how do I answer the RMD question? If I enter the full amount, will TT be looking for another RMD next year? He passed away in December of 2023 and had taken his required RMD's for 2023. The account was split 3 ways between her and her 2 sisters. My wife received her share in 2024 and it was deposited into a bank account and not rolled over into an IRA. The account balance is now zero.
‎February 11, 2025
9:36 AM