Some of the older posts here are for COVID years, when there were some different rules and exceptions so they may not apply.
How to I enter the return of a required minimum distribution from an inherited IRA?
- Login to your TurboTax Account.
- Click "Federal" from the left side of your screen.
- Click on “Deduction and Credits” tab on top.
- Click "edit" next to "Traditional and Roth IRA Contributions"
- Remove the checkmark next to "Traditional IRA"
You should be able to enter your Form 1099-R and then answer the follow-up prompts for TurboTax to properly account for it.
You will be receiving form 1099-R and it needs to be reported as such; please be sure to enter the form information into Turbo Tax exactly as it appears and answer the follow up questions. The tax treatment of the inherited IRA depends on whether it was inherited from a spouse or a non-spouse.
1. Federal Taxes
2. Wages and Income
3. Select Jump to Full list
4. Scroll down to Retirement Plans and Social Security
5. Select IRA, 401(k), Pension Plans (1099-R)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
