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I inherited an IRA from my mother that I rolled over into an inherited IRA account - It shows up as taxable income
I am amending my 2021 tax return since I did not properly report one of my mother's IRA accounts that I inherited. I have amounts in Box 1 and 2a and 2b is checked. Box 7 is code 4. When I enter these amounts and codes it puts the entire amount as taxable. As I continue - there is no option for indicating this amount was transferred to an inherited IRA account.
What should I do
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‎February 22, 2025
3:48 PM