Retirement tax questions
So here's the story with this. If you are reporting the income as 1099 SSA, there is nowhere to report that this as inheritance income become SS benefits are benefits that are paid directly to you. If you wish to report the foreign income as inherited income, then you would repoort it as 1099R. When you type in Search 1099R, then jump to 1099R. When you get to the screen where they ask you to input your information, you would choose code 4- Death like this
then continue to the screen till where it says Tell Us when this person was born like this
As far as entering the code 40 for the foreign tax withheld, see HERE
As far entering the code 61, simply enter as interest income under 1099INT
[Edited 01/31/22|4:15 pm PST]
