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Get your taxes done using TurboTax
Yes, that is correct. You generally won't report anything related to the Inherited IRA until you get a 1099R for a distribution.
The only thing that should be reported is any basis that you have in the Inherited IRA. (This would be the same basis as your father had in the IRA - ie- any non-deductible contributions he had made.) If that is true, those questions will be in TurboTax after you enter any 1099R.
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‎April 13, 2020
12:35 PM