Inhereted IRAs; HELP?

[mmfl-alex]

My father passed away this past Fall; 2016.
Inherited two It as. One had already paid out the 2016 RMD to my Dad while alive but the other we were required to take out the remaining 2016 RMD balance.

I'm not sure how to list the one were my Dad had already gotten it, which left none to be taken out of the Inhereted amount.  It's also a little disconcerting when the RMD questions are phrased as if I alone needed to take the END.
-scratching head-

any help would be appreciated =}

[dmertz · Accepted solution]

Upon your father's death in 2016, any portion of his overall IRA RMD immediately became your responsibility to complete.  The RMD distribution that your father received before death is reportable on your father's 2016 (final) tax return.  No Form 5329 reporting an missed RMD is to be included with your father's 2016 tax return.  If you are using TurboTax to prepare his 2016 tax return, in the follow-up after clicking the Continue button on the Your 1099-R Entries page indicate that he received all of his RMD for 2016.

(The following assumes that your father had already reached is Required Beginning Date for RMDs, April 1 of the year following the year he reached age 70½.  If not, you have no year of death RMD to complete.)

Since it became your responsibility to complete your father's year-of death RMD, if you did so simply indicate that you satisfied all of your RMD requirement for 2016 and report on your tax return the distribution paid to you.  If you did not, be sure to make up the missed RMD amount from the inherited IRAs and indicate in TurboTax's follow-up that you did not complete all of the RMDs in 2016 and that you are requesting a waiver of the 50% excess accumulation penalty based on now having completed the RMD.  This late distribution will be taxable on your 2017 tax return along with the 2017 RMD that you must take as beneficiary.