Hi,
I filled out a 1099-R tax form for an inherited IRA life insurance fund. I took a lump sum payment but do not know how to classify it on Turbo Tax. There is a drop down menu with a list of choices and would like to know which I should choose.
I also opened an Inherited IRA from my father but didn't receive a 1099-R form. How would I go about entering this? I know I don't have to pay taxes on it but I'm sure it must be reported.
Thanks
