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bdunn2
New Member

Beneficiary rollover IRA

My Mother passed away in late August 2024, she had not yet taken her RMD for 2024.
As a beneficiary, I received her IRA as a beneficiary rollover IRA in January 2025 and have taken the RMD for 2024.
I have not received any Tax documents. How do I enter this into my 2024 tax filing with no paperwork?

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1 Reply
dmertz
Level 15

Beneficiary rollover IRA

Because you receive no distribution in 2024, this does not go anywhere on your 2024 tax return.  You'll report the distributions on your 2025 tax return and indicate to 2025 TurboTax that the amount required to be taken is the total of the two RMDs.  No reporting on 2024 Form 5329 is required with respect to the distribution of the 2024 RMD because under these circumstances the waiver of the excess-accumulation penalty on the 2024 RMD is automatic.

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