I have a very similiar issue. I also had an inherited (non-spousal) IRA with CGM Group. They closed and refused to do a direct transfer to another existing inherited IRA I had at another financial institution. After working with them for several months, they finally cut me a check payable to my mom DCD for the benefit of me. I did not sign or cash that check. Instead I hand carried it to the other financial institution who deposited it into my other existing inherited IRA which was also my mom DCD for the benefit of me. Unfortunately, CGM sent me a 1099-R reflecting the amount as a total distribution and included the amount in the box 2a taxable amount. The other institution sent me a Form 5498 reflecting the total value of the inherited IRA (i.e., including the amount from CGM). They did not reflect any amount in Box 2 for contributions or rollover. They said this situation is considered a transfer. They also advised me that this in NOT a taxable event. However, I do not know how to input this situation into turbo tax. Does anyone know?
