2565793
I am the sole beneficiary for my father who was single. He died in 2021, before his RMD was paid, so the RMD and interest were paid to me. The 1099-R and 1099-INT are in my name. Am I correct that nothing needs to be reported on my father's tax return (to report that the RMD was satisfied), and that the RMD and interest amount will be added to my taxable income?
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You are correct.
Nothing is reported about on your father's return as the beneficiary is responsible for taking the year-of-death RMD.
You will report both the 1099-R and 1099-INT on your tax return. There is no penalty for early withdrawal even if you are under 59 1/2.
I'm sorry for your loss.
You are correct.
Nothing is reported about on your father's return as the beneficiary is responsible for taking the year-of-death RMD.
You will report both the 1099-R and 1099-INT on your tax return. There is no penalty for early withdrawal even if you are under 59 1/2.
I'm sorry for your loss.
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