Inherited IRA first year after death of original owner report RMD - multiple beneficiaries

[lcs99]

How does the beneficiary report their first year RMD (to make up the original owner RMD that wasn't paid prior to death)? I checked off Inherited IRA from a Traditional IRA on the 1099R form worksheet, and applying the entire distribution towards the RMD. Is it going to force us to complete Form 5329 ? The other beneficiaries will be reporting their distributions and applying it towards the RMD to make up the full amount (or more) of the original owners RMD for 2024. So there shouldn't be any penalty due for RMD excess accumulation.

When I looked at the other forms - it wants to put the distribution in a non-inherited IRA category - which is incorrect. Am I doing something wrong or do I not need to fill in those forms at all?

Please help! Thanks!

[dmertz · Accepted solution]

Enter as the RMD required only the amount that you took out yourself.

[lcs99]

Thank you!