I am using TurboTax Business because this is an estate tax return. I went to Federal Taxes-Income-other income or loss and entered both the Inherited IRA taxable amount from 1099-R box 2a and the Inherited Roth IRA 1099-R box 2a as follows:
Example:
Other Income Amount
1099-R Traditional Box 2a $5000
1099-R Roth IRA Box 2a $0
Is this correct and do I also need to also enter the total amount of distributions to Beneficiaries under the distribution tab? This would be the total amount that was taken from both IRAs. Is this correct??
