If you inherited the IRA in 2024, it's OK if you didn't make a distribution, as you said, the IRS is waiving penalties for tax year 2024, however it would not be OK if the original owner missed their Required Minimum Distribution )RMD) for tax year 2024.
If the original owner was of the age to require distributions, and none was taken for tax year 2024, you would need to take that RMD.
The waiver for that is that the deadline is extended to (for you) December 31, 2025.
So if no RMD was made for 2024, (and one was required), you'll need to make two before the end of the year, one for the original owner's 2024 RMD and one for your 2025 distribution.
If the owner had not yet reached the age of Required Minimum Distributions, no distributions are mandatory until year 10.
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