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2024 Inherited RMD split with siblings

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.

 

 

 

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1 Reply
dmertz
Level 15

2024 Inherited RMD split with siblings

"I put the whole $$ amount that a was required for RMD 2024"

 

That's the problem.  Enter only your share of the RMD, the amount reported in box 1 of the Form 1099-R.

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