We inherited an RMD for 2024 that was split 4 ways between siblings. We all got individual 1099R, paid our individual federal and state taxes. The 1099 R I received does not have anything filled in Box 9a to indicate that I received 25% of the distribution.
My confusion is in the questions after I indicated that it is an Inherited IRA.
After I entered my amount it asks :
-How much of the amount was an RMD? I picked the entire amount
-From what you shared earlier, you received $****. If your total RMD for 2024 was higher than what you took out, there might be additional taxes to consider.
-Could you tell us what the required minimum distribution for your account was in 2024? I put the whole $$ amount that a was required for RMD 2024
-Did you take out the remaining $ during the correction window? Yes, I took out the entire remaining amount during the correction window.
I'd appreciate your input.
Thanks.