@hhubik
When you have an inherited IRA with basis you need the owner's last filed form 8606 to know what that basis is.
When you take your RMDs the basis will change ;you file a new Form 8606.
The names on the the top of Form 8606 are the owner's, and (in this case) wife's name as beneficiary.
When you have an IRA with basis you do the same but separately in your name only.
Your IRA and an inherited IRA must be kept separate.
If you inherit another IRA from someone else, that one must also be kept separate.
Last time I looked (past years), TurboTax can't handle two IRAs with your name.
You'll have to figure a workaround and file a paper tax return.
Maybe it's smarter this year.
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By using the CD/Download program and being careful, you can trick TurboTax into doing the basis calculations for you.
But you will have a tax return file that cannot be used for anything else.
