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Retirement tax questions
There was no 1099-R for 2024 because she did not take any IRA distributions in 2024 (died in January at 88). She had been taking the proper RMD every year prior to her death.
TT does not seem to have flagged a possible penalty for her non-payment against the RMD, but I was wondering if I missed a place where it would ask if the beneficiary of her inherited IRA DID make the 2024 RMD as required. That was done, but there seems to be no place where I tell TT that. I may just include a note to the IRS that the beneficiary did make the RMD and received a 1099-R to pay the taxes on it....
March 18, 2025
8:41 AM