My father died in 2024, & I received his final RMD in 2025. I also had to take my 1st RMD on beneficiary IRA when transferred in my name for 2025. How to show on taxes?

[aew12000]

Both RMD's are on one1099-R form, even though received at different times for different reasons. My Dad's final RMD can't count towards my RMD from the inherited IRA. How to show them separate on TurboTax

[dmertz · Accepted solution]

As beneficiary, the responsibility to complete your father's RMD for 2024 moved to you, so it became part of your RMD.  When TurboTax asks how much was required to be taken as RMD, simply enter the entire amount distributed and indicate that the entire amount applied to the RMD.  Do not try to show them separately, there is no need to do so.

As long as the year-of-death RMD is completed by the end of the following year, as was done in this case, there is no need to file a Form 5329 to report that the year-of-death RMD was taken late and request a waiver of the excess-accumulation penalty for that portion.  The waiver is automatic under these circumstances.