Turned 73 in 2024. Have two taxable IRA accounts, one was converted to a lifetime annuity several years ago for which I received a 1099-R, the other has no withdrawals for which I received a Form 5498 indicating the RMD amount and RMD date 04/01/2025. The income from the annuity more than covers the combined RMDs for the two accounts. Turbo Tax instructs me not to report RMD information on my 2024 tax return since it is not due until 4/1/25. I do not plan to make withdrawals from the 2nd account since my annuity income will cover my required RMDs for 2024 as well as 2025. Will the IRS know I made the required RMD withdrawals during 2024 and not be subject to penalties?
Yes, you have until April 1, 2025 to take you first RMD because you turned 73 in 2024.
Yes, you can take all your IRAs RMD from one IRA. Please see Can an account owner just take a RMD from one account for additional information.
If your distribution on 2024 Form 1099-R counts towards the 2024 RMD then you can indicate this in the follow-up question. At the end of the retirement interview you can indicate that you took all your RMD for 2024 by selecting "None of these plans failed to withdraw the RMD" on the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen.
If you met all your IRA RMDs then you do not have a penalty and do not have to file Form 5329.