1099-R Distribution AFTER Death of Mother

divance · ‎March 20, 2021

Isn't there a way to show that the money was passed into my name, without taxation; ie. K-1?

macuser_22 · ‎March 20, 2021

In your name? What code is on box 4 on the 1099-R? Is your name and SSN on the 1099-R?

**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.**

divance · ‎March 20, 2021

Hi, thanks. The code is 7. So, I think there's a misunderstanding...on my part...that the 1099-R must be for her RMD, and NOT for the liquidation of her IRA account.

macuser_22 · ‎March 20, 2021

The if the money was distributed prior to her death, it must be reported on her final 2020 tax return.

**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.**

1099-R Distribution AFTER Death of Mother

Retirement tax questions

Retirement tax questions

Retirement tax questions