topic Re: Inherited IRA in Retirement tax questions

Inherited IRA

Becky42 — Fri, 28 Feb 2025 23:43:30 GMT

My husband passed away this year. Half of his RMD was taken from his IRA before he passed. I assumed his IRA in a separate account. The balance of his RDM was taken from the account established for his IRA. How do I report the 1099-R that was issued in my name for the RDM that was taken after he passed. TT shows that he didn't take any RDM for the year when I enter the 1099-r as an inherited IRA.

Thank you

I am very confused.

Re: Inherited IRA

dmertz — Sat, 01 Mar 2025 15:10:46 GMT

Upon the death of your husband, taking the remainder of his 2024 became no longer his responsibility and became your responsibility. Therefore, when entering the Form 1099-R that was issued in his name, enter as the required amount only the amount shown as the gross distribution. When entering the Form 1099-R that was issued you your name, include the remaining amount of his RMD as part of the RMD that you were required to take, if asked. (If you were under age 73 in 2024, TurboTax probably won't ask about your RMDs.)

Re: Inherited IRA

Becky42 — Sun, 02 Mar 2025 01:26:25 GMT

Thank you. I will try that.