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Deductions & credits
Q. Re: Saver's Credit and Distributions from an inherited IRA. Do I enter her distributions where it asks for them in the saver's credit interview?
A. Apparently, No.
From the form 8880 instructions for line 4:
"Don’t include any of the following.
• Distributions from an inherited IRA by a nonspousal beneficiary"
https://www.irs.gov/pub/irs-pdf/f8880.pdf
Good question. I didn't know this until I just looked it up and had assumed otherwise.
April 15, 2024
8:45 AM