Mom died in November 2018, I inherited part of her IRA January 2019 and liquidated the full amount immediately. Tax form has a “4” in Box 7.
Questions are:
Question 1:
Was this withdrawal an RMD? | | |
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| | Yes, some or all of this withdrawal was an RMD. | | | No, none of this withdrawal was an RMD. (This is not common.) |
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I want to say “No” since it wasn’t a RMD.
Question 2:
Tell Us More About This Retirement Plan Distribution
David needed to take a required minimum amount of money from any qualified employer plans or traditional IRAs, or be subject to a 50% tax. This is called a required minimum distribution (RMD).
If you didn't take the full RMD, we'll help you request a waiver of the tax. | | | | Include needed required withdrawals from any inherited retirement accounts in your answer below. | | | | Select one of the following: | | |
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| | David received all the RMD for 2019 David did not receive all the RMD for 2019 David was not required to take an RMD for 2019 |
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I want to say David was not required to take an RMD for 2019.
