I inherited an annuity from my dad in 2022 and get a set payment once per month (they tell me for life). I don't know how to answer some situation questions.

I checked "inherited IRA".
do I leave these unchecked, or check one/both ...
1. This is for a SIMPLE IRA within the first two years of participation only
2. This is for a SIMPLE IRA with more than two years of participation

Would my payments be considered RMD or not?
I don't know if it's based on my fathers age at death or my current age.

1172

Level 15

Mar 19, 2024 2:56:05 PM

I assume you are reporting a 1099-R do not check the IRA box in box 7. All is RMD.

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I inherited an annuity from my dad in 2022 and get a set payment once per month (they tell me for life). I don't know how to answer some situation questions.