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Retirement tax questions
@jfvsenior I checked my 2021 TT joint tax return (1040-SR), and yes, all our inherited IRAs plus a Roth conversion (from my husband's IRA) were added together and placed in Line 4a IRA distributions. TT took all the gross amounts from 1099-Rs (with the IRA box checked) and put it in Line 4a. Due to a Roth conversion with a basis, we had Form 8606, Nondeductible IRAs, filled out but only for the Roth conversion, none of the inherited IRAs showed up. I expect when husband starts his RMDs from his IRA , Form 8606 will need to be filed due to it having a basis.
‎February 13, 2023
8:36 AM
2,549 Views