My situation is that I have elderly parents (ages 80 and 84) who never took their required distribution from a traditional IRA. My father had this IRA since 2009. He is 84 now but it appears he did not get this IRA until he was about 70.
He now has beginning dementia and does not remember if anyone contacted him about his distribution. Unfortunately, my parents aren’t financially literate and are afraid of what may happen. According to my mother, the IRA is only about $13,000.
I live far away and I am trying to help. I called the IRS on their behalf and was told no one has reported (not even the custodian) this missed distribution.