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April 16, 2023
Question

Bad math, how do I work around the RMD from an inherited IRA other than spouse. Turbo tax 2022 says born between June 1050-July 1951 turned 72 in 2021? Asks for RMD $$$

  • April 16, 2023
  • 1 reply
  • 0 views
Deceased birthday was 2/22/1951.  "Since the deceased would have turned 72 in 2021, they may have taken a minimum amount of money out of the account for 2021 and 2022."  2021-1951=70 not 72

1 reply

Employee
April 27, 2023

When did you inherit the IRA? (When did the previous owner die?)