Thanks to both macuser_22 and HACKITOFF for your responses. You both are providing me invaluable information. I found more records dating further back (2013) and found a 1099-R that was issued by Schwab, which probably was my first go-to investment firm to receive the money under the rush I felt. I now vaguely remember moving the $$ to a mutual fund firm in 2015. I pulled up my 2013 tax records and found a 1099-R from my dad's annuity company that was filled - Box 7 included a code 4G and a checked IRA box. Unfortunately, my dad moved all his funds to this money-sucking annuity firm without my knowledge and too early for me to help him. I've looked through all their correspondence to see if they had issued information about RMD responsibilities. I have no records receiving this information. Because of my distrust of their approach, I saved all records from them. Because there were no directions related to this 1099-R, I assumed withdrawals fell according to my age and didn't even think I had obligations unless I made a withdrawal. Should I go back to this firm or should just proceed to resolve with filing with the IRS? Based on some other questions related to this topic in the community section, it appears that I needed to pull all the money within a five-year timeframe, which has passed. Ugh. What would you recommend as next steps that would protect me as best as possible? I feel I need more information to determine what to do and how to file for a waiver - but I'm still feeling there are gaps in what I need to know. Again, thank you both for your help!
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Hello Tax Experts! My dad passed in 2012 (age 84), but I didn't receive his inherited IRA (traditional) until July 2015. I thought RMDs were all based on the living person's age (I'm not 65 or 70 yet!), so I just let the account sit as is. My mutual fund company alerted my that RMDs need not be taken for 2019 (CARES Act), which prompted me to ask why I was alerted of this (thinking I hadn't hit the milestone years). Given my situation, what is the best method for fixing my errors, and if I need to withdraw, how do I know how much? Thank you in advance!
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