topic How are entries made for distributions from an inherited IRA under the IRS 10 year rule? in Retirement tax questions

How are entries made for distributions from an inherited IRA under the IRS 10 year rule?

tracypfisterer — Tue, 03 Feb 2026 06:16:52 GMT

The system is asking for the Required distribution amt when there is none under the IRS 10-year rule, publication 590B, for individual designated beneficiaries.

Re: How are entries made for distributions from an inherited IRA under the IRS 10 year rule?

fanfare — Sat, 18 Jan 2025 05:11:56 GMT

If your RMD is zero, enter -0-.

@tracypfisterer

Re: How are entries made for distributions from an inherited IRA under the IRS 10 year rule?

fanfare — Sat, 18 Jan 2025 05:17:32 GMT

Under the 10-year Rule, if the owner who named you had not reached the age of beginning RMDs, you don't have to take a yearly RMD.

Otherwise. you do.

Re: How are entries made for distributions from an inherited IRA under the IRS 10 year rule?

dmertz — Sun, 19 Jan 2025 16:04:36 GMT

For years prior to 2025 the IRS waived the penalty for failing to take distributions that might be required under the 10-year rule. In 2024 TurboTax, always enter $0 as the required RMD with regard to distributions made from an inherited IRA that is subject to the 10-year rule.

Re: How are entries made for distributions from an inherited IRA under the IRS 10 year rule?

tracypfisterer — Sun, 19 Jan 2025 17:27:04 GMT

Thank you for your responses. I outlined the issues and needed corrections in another post. It is a program issue. No distribution is required and no penalties are to be calculated for 2024. That will change in 2025. The program is not compatible with latest IRS direction and does not accept entries. Support has been contacted and should be monitoring these posts. I read from another user that these issues will be addressed next week, which is good news.

Re: How are entries made for distributions from an inherited IRA under the IRS 10 year rule?

kcaron23 — Thu, 13 Feb 2025 21:18:07 GMT

Has the program error been fixed? I still am being charged the 10% penalty.