Yes, you do need to claim this. You will be receiving the form(s) 1099-R for the inherited distribution in February. (You may want to contact the administrator (the issuer) and verify that the mailing address is correct...) Once you have the form(s), all you will have to do is enter them into TurboTax exactly as they appear and follow the interview questions, the program will determine the taxability of it. Once the information is entered on the federal side of TurboTax, it will be automatically transferred to your CO tax return. Please follow these steps to enter form 1099-R in Turbo Tax.
