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posted Apr 12, 2025 2:53:00 PM

I missed taking the RMD on an inherited IRA for several year. What do I put in the RMD due by 12/31/24 box? One year's RMD or the total previous years RMD?

2024 was the first time I took a distribution from the inherited-IRA. The first distribution was equal to the sum of all past years RMDs + 2024.

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1 Replies
Level 15
Apr 12, 2025 8:21:42 PM

Due to TurboTax issues.
to avoid wrongful penalty, for each 1099-R, tell TurboTax that the distributed amount is the calculated required amount.

 

@robin-lougee