I inherited an IRA from my uncle's passing, and I received a check that I deposited into an inherited IRA within the required 60 day window (I understand that this makes it non-taxable). Why am I being taxed per my 1099R for the full inherited IRA amount? There are no turbotax online options to choose "I rolled this over into an inherited IRA within 60 days". Do you know the process here?
As a side question--It seems like if we pay the taxes on the full amount now, and we pay taxes on each RMD, we're being taxed twice.
