KrisD15
Expert Alumni

Retirement tax questions

To clarify, did you go through and complete that interview? 

If this return being filed as Married Filing Jointly?

Was your dad required to make RMD before he passed?

 

The first question asks if the inherited IRA was cashed out or rolled-over. It does not ask how much. 

If the answer is No, did not put money into an IRA account, the funds will be treated as a full distribution. 

If the answer is Yes, the interview should continue to determine if the RMD was properly addresses (based on age). 

 

For the second question, we don't have enough information because we don't know if either your father or mother required the RMD for tax year 2024. 

 

 

 

 

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