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How do I fill out form 8606 after the death of a spouse & do I enter his 1099R as my own in TT?
My husband and I both have traditional IRA's and we both took our RMD's in January (we are both over 73). My husband died on Sept. 30th. The balance of his IRA was transferred into my IRA account in December. I received a 1099R in my name showing my RMD in box 1 and 2A and a code of 7 in box 7. I received another 1099R in my husband's name showing his RMD in box 1 and 2A and a code of 7 in box 7. No other 1099R's were received. In previous years, we had been filing an 8606 for each IRA in order to keep track of our basis.
1) Do I enter 2 separate 1099R's in TT and if so, do I say they are both mine or do I enter 1 as mine and the other as my spouse's?
2) How and how many 8606 forms do I fill out? Do I just fill out one 8606 form?
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March 12, 2019
8:16 AM