@Jeff176 wrote:
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.
In this situation, your wife is required to take a 2024 RMD, based on her life expectancy, so if she took a total distribution, part of that is considered the RMD. However, because the rules on RMDs from inherited IRAs were not finalized until 2024, the IRS has waived the penalty for not taking an RMD for 2024. So you would be safe in saying there was no RMD.
If you want to calculate the actual RMD, use your wife's age and table 1 in appendix B of publication 590-B.
https://www.irs.gov/forms-pubs/about-publication-590-b
For example, if she was 50 years old in 2024, her life expectancy is 36.2 years. So her RMD would be the 2023 year end balance of the inherited IRA divided by 36.2.
