Greetings,
I just inherited an IRA after my dad's passing. I do have a VA form 21-0172 that states I am permanently and totally disabled. I called vanguard to notify them that I qualify for being an Eligible Designated Beneficiary (EDB) and to calculate a lifetime stretch RMD instead of a 10-year cleanout. They told me to use the website calculator and figure out how much RMD I need and withdraw that amount and then notify my tax accountant.
The question I have is, how do I file taxes so the IRS knows I am an EDB and not get penalized 10 years down the road for not doing the 10-year IRA clean-out under the new SECURE Act? How does the IRS know I am a designated beneficiary and not the latter if I'm calculating my own RMDs?
