Get your taxes done using TurboTax

Here are the steps to follow to ensure that you are not taxed at 50%:

1. Enter the details from the 1099-R, Make sure that Box 7 has a Code 4, and that the IRA box is checked. Continue.
2. Do any of these situations apply to you? Check box I inherited this IRA, Continue
3. Who did you inherit this IRA from? Enter name and year passed away, and Continue
4. Did you have nondeductible contributions for this IRA? Check No, you didn't have any nondeductible IRA contributions, Continue
5. When was ??? Born?, Check box for born before July 1, 1949, Continue
6. How much of the withdrawal was a RMD, Check box for None of this withdrawal was a RMD and Continue

@lrcook15