It sounds as if your late mother either had a deferred income account such as an IRA or else an annuity.
Let's clear up something right now- She died in 2014, but you are now asking about this for 2018 tax return?
Did you just receive this Form 1099-R and is the reporting year 2018?
In saying "i am her estate" did you mean that you are the Executor of her Estate? Was the 1099-R in your name and your SSN or in her name and her SSN or the SSN of her Estate?
If in her name, then if the total income including this 1099-R was $600 or more, the Estate's Executor has to submit a Form 1041 Estate Income Tax return - a totally different story from what you seem to be asking - but you need to determine this before going forward.
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If the 1099-R is in your name and uses your SSN, then you were named as the successor beneficiary. You need to report the data from the Form 1099-R in the correct Tax Year. If it was not received in for 2018, then you will need to file an Amended Form 1040X for the year in which it was reported - according to the tax year reported on the Form 1099-R.
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Assuming, for lack of statement by you, that this is really for 2018, you need to carefully look at the Form 1099-R and look at Box 7.
See the attached 3 pages of Distribution Codes that may appear in Box 7.
The most likely Code in Box 7 is "4" - meaning you received the proceeds, whether taxable or not (see Boxes 2) because of her death.
In TurboTax, in the interview, go to the
- Federal Taxes - >
- Personal Income tab ->
- "I'll Choose what I want to work on"
- In "Your 2018 Income Summary" screen, scroll down to "Retirement Plans and Social Security"
- Click on "IRA, 401(k), Pension Plans Form 1099-R"
- Fill in each field with the values seen on your Form 1099-R
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
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