My wife passed in 2022 but her Traditional IRA was not retitled in my name until 2023. She had non-deductible contributions and was tracking on Form 8606. I also have a Traditional IRA and track non-deductible contributions on Form 2606. Questions:
1. Did I "inherit" the IRA in 2022 when she passed or in 2023 when it was retitled in my name? I didn't receive any documentation saying it was inherited in either year. At my request, I kept her "inherited" account separate from mine, so I now have 2 traditional IRAs.
2. In 2023, I used her (now in my name) account for a Roth conversion to my Roth acct. The conversion amount is only a portion of the account, not a full disbursement. There is a 1099-R for the amount of this conversion. There is no indication on the 1099-R regarding an inherited account. Can I ignore the Turbotax question regarding whether this is an Inherited IRA?
3. How do I handle her Form 8606? Turbotax automatically labels the forms as Taxpayer and Spouse. Can I just add the 2022 remaining basis from her 8606 to my 8606 basis? (just have one Form 8606 going forward?)
Thank you!
