So I uploaded my Inherited Roth IRA 1099-R form and the distribution code on line 7 is T. It also shows on line 2b that the taxable amount is not determined. Turbotax didn't show I own any tax on the distribution I took for the year (until it asked me if it was an inherited IRA, and then it taxed me on the whole distribution when I checked that box). I'm 48 years old, not sure if that has something to do with it. But everything I'm reading online says my age doesn't matter if it was an inherited Roth. It was my mother who passed away in late 2021, and this is for tax year 2022. My mother had this Roth IRA account open in her name for well over 5 years.. she probably had it open for 20 years or more. Right after she passed, I transferred the account to another financial institution, but I left everything else the same (it's showing I inherited the account, it's still a Roth IRA). I've been reading online that if I inherited a Roth IRA account, I shouldn't have to pay taxes on any of the distributions, ever. I don't know what I'm doing wrong here. Why is Turbotax taxing me the 10% penalty ONLY when I check the box that this is an inherited IRA. Is it not recognizing this is a Roth?
