OK, in one sense I understand that, but here's the thing. I'm doing taxes for my Dad. I'm catching up on a lot of back taxes, actually, in reverse chronological order, following two years of trying to finish up identifying what all he has and cleaning up the mess that resulted after Mom died.
Mom had an IRA with American Century. In 2012, she died, and Dad inherited that account with American Century. In 2016, the account was properly transferred at American Century to be in Dad's name, not as Mom's beneficiary, in anticipation of moving it to Fidelity where I could manage all of his assets in one place. For various reasons I never got the account moved to Fidelity until 2019, when Dad moved in with me.
When I tried to move it as an Inherited IRA account, the transfer failed -- the account type didn't match; it had to be moved as a Traditional IRA.
But I don't know if that is a Fidelity quirk, or if the IRS makes the same distinction. Do I answer "NO" in TurboTax for the 1099-R on this Fidelity account? What is the practical implication of one answer vs the other?
Thanks,
Rebeccah
