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March 2, 2025
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Inherited an IRA from my uncle in 2019. 1099 does not list an RMD. TurboTax is now showing an error asking for RMD. Is this is a glitch? Any guidance on how to proceed?

  • March 2, 2025
  • 1 reply
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I saw some posts suggesting that we should just put "0" in the RMD amount. Is that advised?
    Best answer by dmertz

    You have been subject to beneficiary RMDs since 2020.  Because the SECURE 2.0 Act changed the reporting requirements beginning with your 2024 tax return, you must now answer the questions that indicate whether or not your distributions from the inherited IRA were sufficient to satisfy the RMD.  See IRS Pub 590-B for instructions on how to calculate the annual beneficiary RMDs:

    https://www.irs.gov/publications/p590b#en_US_2023_publink100090425

    1 reply

    dmertzAnswer
    Employee
    March 2, 2025

    You have been subject to beneficiary RMDs since 2020.  Because the SECURE 2.0 Act changed the reporting requirements beginning with your 2024 tax return, you must now answer the questions that indicate whether or not your distributions from the inherited IRA were sufficient to satisfy the RMD.  See IRS Pub 590-B for instructions on how to calculate the annual beneficiary RMDs:

    https://www.irs.gov/publications/p590b#en_US_2023_publink100090425