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Get your taxes done using TurboTax
They sound right.
#1 - There is no such thing as a "non-standard 1099-R" - either it is a 1099-R or is is some other type of form.
#2) - If you inherited the IRA then any basis that the deceased had that would be on the last 8606 form file by the deceased on line 14 would become the basis in the inherited IRA. If you have no access to the deceased tax records and have no way to find out then your basis is zero. If there was a basis the you would need to amend each prior year that you had a distribution since you cannot skip a year to apply the basis so it would probably be better to ignore a small amount of basis.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎July 15, 2020
8:24 AM