inherited IRA

[amwhit]

My father passed away in 2024 and his traditional IRA was split three ways.  

He did not take his distribution in 2024, but the three inherited IRAs did.

I do have the 1099-R for mine... Can Desktop Turbotax Deluxe handle this?  Is there anything.. weird.. I should be on the lookout for?

Thanks!

-Mark

[dmertz · Accepted solution]

Yes, all versions of TurboTax can handle this.

When TurboTax asks how much RMD was required with respect to this distribution, your responsibility was only for 1/3 of your father's RMD, so enter 1/3 of the original amount your father would have been required to have distributed had he not died.

(If the RMD was fully satisfied by the beneficiaries but in unequal amounts, enter no more than the amount distributed to you as the amount you were required to satisfy.  There is no requirement that the year-of-death RMD be satisfied equally by the beneficiaries as long as it is fully satisfied.)