TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

1099R

Forum|Forum|6 years ago
January 23, 2020
3 replies
15 views

I inherited a retirement account from my mother who passed in 2018. I moved the account to a different financial provider than she used. I have to take so much out per year, so I elected a monthly withdrawal and elected to have taxes taken out. The question states did you inherit from National financial services- the technical answer is no- I inherited it from a different financial company and then just rolled it over to this current company. Do I answer no or yes to the question did you inherit from NFS?

Level 15

As this is an inherited retirement account, you should answer Yes to that question.

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

Level 2

My mother passed on Jan 19,2019 I inherited her 401 NYC employee retirement 0n the 1099 R box 1 is 0.00 but bot 2a shows a dollar amount. Fed tax was withheld but not state and city. I can't find where they are asking a yes or no question.

Level 15

After you enter the information on the 1099-R, you will ENTER and you will see the follow up questions regarding the distribution.

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