No, you don't need to speak with the executor.
RMD is Required Minimum Distribution.
It is not something you have to pay, it is a required amount an account holder must take as a withdrawal per year after a certain age. NOT taking a RMD could cause a penalty
The rules concerning inherited IRA's have recently changed and now Beneficiaries also must take yearly RMD on the inherited IRA. The rule started for 2024, but was pushed back and now will be enforced starting in tax year 2025. You are "Technically" under the old rule of depleting the account within 10 years. I assume the software was changed to reflect the change in the tax law without knowing the IRS would waive the requirement for 2024.
Select "Yes" since you closed the account which would be recognized as a RMD. This really has no impact one way or the other for Tax Year 2024 since the IRS is waving enforcement, but since you closed the account, select Yes, RMD and you're covered no matter what.
IRS Inherited IRA
NOTE: For your particular situation, I want to add that since you closed the account, the distribution will be taxable.
The issue of reporting the Required Minimum Distribution doesn't change anything as far as the tax on the total distribution.
Reporting that it was all RMD means you won't worry about a penalty, but you still will be taxed, so if this is split between siblings, you might want to have them pitch in for their share of the tax. Since the 1099-R was issued in your name, you'll be liable for the tax on your tax return.
[Edited 02/16/2025 I 10:38am PST]
@lcooksey1
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