Taking ombined RMDs from one account to cover both-how to enter

[PaulB27]

I have a Traditional (rollover) IRA and a Beneficiary IRA (from a friend).  I closed out the Beneficiary IRA and the proceeds exceeded the combined RMDs for both accounts, therefore I did not take money out of the Traditional IRA.  How and where do I report this?  What form?  Did I make a mistake?

[fanfare · Accepted solution]

You missed your own RMD because your IRAs and any inherited IRA must be maintained separate.

You can still take your 2023 RMD now and request a waiver of the penalty.

@PaulB27 

[PaulB27]

Thank You so very much, fanfare, for your quick and clear response!  I will do as you say, and, again, thank you.