I received a 1099-R for an inherited non qualified annuity, which correctly shows the gross distribution, has a taxable amount and fed / state tax was withheld. the IRA box , correctly, is not checked
After entering all the information, turbo tax double checks that the IRA box is not checked, but the following questions start referring to it as an inherited IRA and asking about RMDs , birth dates of the parent before or after 1950. why is it doing that? seems like a software problem? There is no RMD on a non qualified annuity only the tax on the deferred earnings, which the 1099-R details
Can somebody advise ? thanks
