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RMD for deceased parent paid to me as beneficiary

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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Accepted Solutions
MinhT1
Expert Alumni

RMD for deceased parent paid to me as beneficiary

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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1 Reply
MinhT1
Expert Alumni

RMD for deceased parent paid to me as beneficiary

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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