My father passed away in 2022. My mother inherited his traditional IRA and took the required RMD in 2023. While preparing her taxes, the RMD wasnt taxed as income. Why?
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My father passed away in 2022. My mother inherited his traditional IRA and took the required RMD in 2023. While preparing her taxes, the RMD wasnt taxed as income. Why?
My father passed away in 2022. My mother inherited his traditional IRA and took the required RMD in 2023. While preparing her taxes, the RMD wasnt taxed as income. Why?
A distribution from a Traditional IRA is taxable income based on the amount entered in box 2a of the Form 1099-R. There is no age exception for taxable income distributed from an IRA.
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