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Retirement tax questions
@VolvoGirl wrote:
@macuser_22 When I enter a test IRA RMD in Online it then asks me when the original owner was born? And how old they would be if they lived. I didn't say it was inherited. Is that right? I shouldn't get that screen. Can you check or pass it on?
It should only ask that question if the box 7 code was a 4, which IS inherited or can be in the case of a T - you do not need to say that it is inherited the code says that. What box 7 code did you enter?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎January 13, 2021
5:19 PM