Re: Husband's 403(b) that became inherited IRA for Spouse in mid-2024
My father passed away mid-2024. By the time my mother inherited his 403(b) he had already received 75% of the total RMD he was supposed to take out that year in his name. The financial institution eventually sent the remaining 25% to my mother (in her name) before the end of 2024. Once 2025 rolled around my mother received two 1099-Rs for the same 403(b): 1) One under my Dad's name and 2) another under her name.
Let's say the total RMD that was needed to be taken out of that 403(b) by Dec 31, 2024 was equal to $560.
In TurboTax, at the RMD section for each of their 1099-Rs where it asks the question:
RMD Due by Dec. 31, 2024: [ ]
Are we supposed to enter $420 for my Dad's entry and $140 for my mother's entry?
Edit:
Forgot to mention this will be their last filing as Married - Filing Jointly, if that makes any difference.
