dmertz
Level 15

Deductions & credits

Yes, this is an inherited account.  Transferring the account from one financial institution to another cannot change that.  Any distribution from this account should have code 4 in box 7 (unless it's a Roth IRA).

(The current account should be titled as Father, deceased, FBO Daughter, beneficiary, or something like that.  If it's titled in Daughter's name only, that's a problem.)

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