KrisD15
Expert Alumni

Retirement tax questions

There should not be a penalty for a distribution from an Inherited IRA. 

When you entered the 1099-R, was the distribution code "4"?

What year did the original owner pass? 

Was the RMD the RMD you had to take, or was it what the original owner needed to take for tax year 2025? 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"