In 2023 I mistakenly did not take my RMD from my inherited IRA. I immediately withdrew the balance from the IRA and submitted a form 5329 on my 2023 tax return requesting a waiver.
Now it's the following year and I have an IRA distribution that includes the RMD from 2023 and 2024. Do I need to do anything different this year? Does Turbo Tax calculate the intended tax burden when the 5329 is submitted or am I paying the tax this year as it is reflected in my 1099-R?
I'm confused because on the form 5329, Part IX, line 53 is zero (with a reference to the waiver explanation) when mathematically there was a balance