Retirement tax questions


@bprice1946 wrote:

Nope. still treats inherited IRA (non-spouse) just like my own IRA's. Probably has been for years, but this year it is obvious to me since I didn't take an RMD from my IRA's which require form 8606. Low and behold, my inherited income (which has no basis so should not have any 8606) showed up on my 8606.  The trick mentioned above of turning on and off the radio button  for whether the inherited IRA has a basis helps, but you have to keep watching it since the issue comes back for no reason I can fathom, Then I just repeat the work around and all is well for awhile. Hopefully will be fine at the time that I file.


It will come back if you revisit the 1099-R.  You want to be sure that the 8606 is correct just before you file.

**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.**