Maybe. Two areas where a Roth Distribution may be shown as taxable in TurboTax that you can check. In the follow-up questions after you enter the 1099-R, TurboTax asks if the account has been open for at least 5 years. The Code T on your 1099-R would seem to indicate it has not.
If you opened a Roth account and transferred the inherited funds, the brokerage automatically gave your distribution a T Code. Reach out to them to change the code to Q for future distributions, for an inherited account that has been open at least 5 years.
Try indicating in TurboTax that the account has been open for 5 years and see if this changes the distribution to non-taxable. The question will be 'Opened Before 201..?' in the follow-up questions.
And you may be asked about your Basis in the Roth Account, which should match your Distribution, if you didn't contribute any additional funds to the account. These two areas let TurboTax make the 'non-taxable' decision, regardless of whether Code T or Q is used.
Since you don't say when the Roth owner died and whether this is your first distribution (guessing it is), here's more info on Retirement Topics for Beneficiaries.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
