Retirement tax questions

To report your inherited IRA withdrawal in TurboTax, follow these steps:

1. Be sure you are logged in to TurboTax for link below to work:
2. Enter Form 1099-R:
   1. Go to Wages & Income.
   2. Add a 1099-R.
   3. Enter the information from your 1099-R. In Box 7, the code should be 4 if IRA is inherited
3. Indicate Inherited IRA:
   1. As you go through the questions, TurboTax will ask if this is an inherited IRA. Select Yes.
   2. Indicate your relationship to the original owner.
4. Finish the Questions: Complete the remaining questions. TurboTax will guide you through the process and ensure the withdrawal is reported correctly.

For more details, visit the TurboTax support page.

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