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Inhertied IRA 1099-R reporting
My wife inherited an IRA from her cousin (Non-spouse). She is age 70 and was required to take a Required Minimum Distribution (RMD) in 2021. After entering the 1099-R information in Turbo Tax 2021, the program asks for the first name and date of death of the person from whom she inherited the IRA. Next, it asks when the person was born. When I check that her cousin was born after July 1, 1947, the program will not jump to the screen asking if the withdrawal was a Required Minimum Distribution (RMD). Is it OK to override the program by falsely indicating that her cousin was born before to June 30, 1947 in order to allow the program to jump to the screen asking about the inherited IRA and whether the withdrawal was an RMD.
‎January 22, 2022
11:23 AM