I imported my inherited IRA information, and everything matches my paper copy. However, Turbo Tax asks if I inherited the IRA from the investment company. Since I inherited the IRA from a family member I clicked no - TurboTax did not ask whom I inherited the IRA from. This option reduced my IRA basis by the amount of the 2021 RMD taken, which resulted in a larger refund.
Going back, if I answer that I did inherit the IRA from the investment company, it asks whom I inherited the IRA from, name of the person, death year, etc. Selecting that I did inherit the IRA from the investment company, does not reduce my IRA basis, resulting in a small refund.
Would anyone know if this is a glitch - I don't remember this happening in previous years....
Thank you in advance for your help!
