My father missed his 2015 RMD due to illness and passed away before the end of the year. His account is now set up as a Ben IRA in my name. I am requesting the RMD from 2015 be distributed to me this year in April of 2016. Do I claim the RMD dist on my personal 2015 return as income even though I am taking it in 2016 and do not have a 1099 form? Where would I claim it? and do I file the form 5329 with my taxes as well? or does this all get claimed on his 2015 tax return?
You should report the missed RMD on your late father's final return by filing Form 5329, Part IX. There is no interview in TurboTax for missed RMDs in the program, so you'll need to prepare the document in forms mode. If you're not familiar with working in forms mode, please let me know and I'll point to some instructions for that.
Fortunately, you can request a waiver from the penalty, and the IRS has historically been generous in granting the waiver. Please read the instructions to Form 5329 for more information. https://www.irs.gov/pub/irs-pdf/i5329.pdfSince you won't receive the payment until this year, you should not report it on your 2015 tax return. You may also need to take your own RMD this year, which is separate from your father's 2015 RMD.
1. I do not file anything with my father's taxes for the missed RMD for 2015. I do not file the form 5329 with his taxes at all.
2. I will take the 2015 RMD in 2016, paid to myself.
3. I will NOT claim the money I received in 2016 from the RMD on my 2015 tax return
4. I will however file the form 5329 with my 2015 tax return even though I did not get the RMD until 2016
5. I will not claim the income until I file my 2016 tax return next year when I receive an actual 1099 form
6. I will not file an additional form 5329 next year because I already filed it this year with my 2015 return
8. I will mail in everything instead of e-filing and will not have have to do anything with this next year except claim the income from the 2015 RMD on my 2016 return because I received it late.