Hi @dmertz,
You are the one who assisted me with TY 2024 when I was preparing my parents tax return after his passing. I couldn’t have done it w/out you.
My Dad passed in July of 2024 and in October of 2024, I had my Mom take my Dad’s final RMD, which he had not taken prior to his passing. I had her use his age/denominator. My Mom shouldn’t have taken anything in 2025 for my Dad, correct? I thought we satisfied the IRS’ requirement by taking his final RMD in the year of his passing. So in 2025, I had my Mom only take out HER RMD’s, using her age/denominator. Was this wrong?
This year, that TT radial button asking if it was an inherited IRA threw me off because technically she *did* inherit it. Thank you for letting me know the IRA is now treated as her own, so I will NOT check the inherited button and I won’t have this issue next year.
I don’t know why the credit union only gives her one 1099-R. The statement does show only one main account number, and the two separate IRA CD’s have their own “sub-number” and IRA CD maturation dates. I won’t worry about it because the sum of the 1099-R is equal to the RMD necessary from both IRA’s.
I am now concerned about your statement that my Mom should have taken an RMD in 2025 for the IRA she inherited, even though I thought we satisfied that requirement in 2024 by using my Dad’s age/denominator. Please let me know.
Thank you so much!
