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Retirement tax questions
The "inherited" question presented by TurboTax is specific to each 1099-R entered, so deleting and reentering the code-4 Form 1099-R should cause TurboTax to ask the question. Still, it should be an unnecessary question since code 4 already means that the account was inherited. (If someone answers No to this question regarding a code-4 Form 1099-R, TurboTax should flag it as an error and tell the user to contact the custodian to obtain a corrected Form 1099-R if the account is indeed not an inherited account.) TurboTax does, however, need to know if the account was inherited by a spouse beneficiary or a non-spouse beneficiary, information that the user must supply.
‎February 14, 2022
12:39 PM