RMD

[RD5329]

My spouse set up an inherited IRA in late 2023 and received notice in January 2024 that she should have taken an RMD, but the account was not established soon enough.  She received a check for RMD for both 2024 and 2025 and both payments were included on the same 1099-R.  Turbo Tax is not letting me inform that part of the payment is for late 2024 RMD, nor will it let me file a form 5329.  How can I get the software to do what I need?

[DanaB27]

To clarify, you receive a 2024 Form 1099-R for the RMD for 2023 and 2024? 

If you received a 2024 Form 1099-R for the RMD for 2023 and 2024, you will enter the Form 1099-R on your 2024 tax return.

You should have filed Form 5329 with your 2023 tax return since you took a late RMD for 2023.

Download 2023 Form 5329 from the IRS website and fill as described in the 5329 instructions page 9, line 54. Print and mail Form 5329 and attach an explanation. Be sure to include your address on page 1 of the form and your signature and the date on page 2 of the form.