following up on this issue - appears to be something Turbotax can't handle. They provided the following responses:
"The instructions for 8606 clearly state that an 8606 must be included if you take RMD from an inherited IRA."
and:
If any of these 3 situations apply to you:
- You received a distribution from an inherited traditional IRA that had nondeductible contributions
- You transferred an inherited plan account to a Roth IRA
- You received a distribution from an inherited Roth IRA that was not a qualified distribution
Then you'll have to download and print Form 8606, manually fill it out (instructions), and print and file your return, as you won't be able to e-file.
I will no longer use Turbotax if they can not resolve this issue. Filing a paper return is no bueno.
