In the case of the missed RMD for 2023 due to illness, you, as the non-eligible designated beneficiary, may need to address this issue. You could fill out Form 5329 and request a reasonable cause waiver of the penalty on behalf of the deceased. Alternatively, if permitted by the IRS, you may also elect to take the missed 2023 RMD yourself. Consulting a tax professional could provide clarity on the best course of action based on your specific circumstances. It's essential to ensure compliance with IRS regulations while handling these matters.
