inherited IRA tax confusion

[banjoman1]

My sister and I inherited my mother's IRA upon her passing in 2024.  She had not taken her RMD at the time of her passing (but at the age she had been taking it for several years).  My understanding was that between my sister and I we would need to withdraw an amount equal or greater than our mother's RMD in 2024 to avoid penalty.  My sister withdrew all of hers and i withdrew none of mine so i believe we're covered in that regard.  Now comes the question...how is this reported on my mother's tax return and on mine?  My sister's situation seems straightforward as she got a 1099-R but neither my mother or I did.  I understand I'll be getting a 5498 at some point but the broker says my mother's account will get no tax forms for 2024 since it was closed once distributed to us as beneficiaries. So two questions: 1) do i report this at all on my tax return and if so how? 2) do I report this on my late mother's tax return and if so how?  I thought i would need a copy of my sister's 1099-R to show on my mother's tax return that the 2024 RMD was taken but now I'm not seeing how that would be reported. Third question would be is this really as confusing as I think it is but we'll leave it there.  Any guidance would be much appreciated. Thanks!!!

[AmyC]

1. No you don't report a transfer of funds on your return.

2. No, she did not take the  RMD so it is not reported on her return.

3. Your sister reports the distribution on her return.

Keep a record of this event, in case the IRS asks about any of this. You are correct that the RMD was taken and you are covered for 2024.

I am very sorry for your loss.

[fanfare]

For each of you, the first of ten distributions bcomes due now to be taken by Dec31.

See IRS Pub  590B for the rules on the calculation of the minimum amount.

@banjoman1