2020irabs
Returning Member

Inherited IRA

Hello

I inherited funds from an IRA.  100% of the funds were immediately deposited into an inherited 60 month IRA CD.   I did this because the Credit Union told me this would prevent me from having to take yearly contributions since I am 54.  The 1099R form has the entire distribution as taxable yet it also has both boxes for 2b checked.  This money should not be considered income since I rolled it over.  I cannot figure out how to remove this from my taxable income.

Thanks

KC