MinhT1
Expert Alumni

Retirement tax questions

The trustee-trustee transfer of your father's IRA to your inherited IRA is technically a rollover.

 

You can indicate while entering the form 1099-R that you rolled over the total amount to an IRA and the transfer is not taxable.

 

Enter your form 1099-R by following these steps:

  1. In TurboTax, open your tax return
  2. Click on Federal in the left-hand column, then on Wages & Income on top of the screen
  3. Scroll down and locate the section Retirement Plans and Social Security and click on Show more
  4. Click Start next to IRAs, 401(k), Pension Plan Withdrawals (1099-R).
  5. Enter your form 1099-R and follow the interview
  6. When you arrive to the page Tell us if you moved the money through a rollover or conversion, click on the radio button I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)

 

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