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Mom died in 2020 her ira rolled over to me and put into an inherited ira. i take a yearly wd. do i have to answer and enter this all over again eah yr

when i enter the wd income from last yr it is asking these qs again like my moms bday etc and i know i already answered it in past years
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2 Replies
JohnB5677
Expert Alumni

Mom died in 2020 her ira rolled over to me and put into an inherited ira. i take a yearly wd. do i have to answer and enter this all over again eah yr

Yes, you should receive a new 1099-R each year for the IRA, and it does have to be re-posted every year.  The questions are to ensure that you've taken the proper distribution. 

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Mom died in 2020 her ira rolled over to me and put into an inherited ira. i take a yearly wd. do i have to answer and enter this all over again eah yr

the amount you take is taxable.

If your mom was already taking RMDs,

you are required to take an RMD each year using the specified formula that takes into account your age and her age in 2020.

does the custodian give you an RMD number ?

 

@brei540022 

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