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Retirement tax questions
Glad you got it straightened out on your tax return. You are right - saying an inherited IRA is not an inherited IRA is not right. But that question is meaningless on your tax return; it is not included anywhere. The only reason that it is asked in TurboTax, same with the RMD, is to prevent roll-over entries, which are not allowed for either RMDs or Inherited IRAs. They are updating the questions in the 1099-R interview, but there are a lot of covid related changes that still need to be made.
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‎February 24, 2021
5:16 PM