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Retirement tax questions
ThomasM125 is incorrect. The value of an inherited IRA is not to be included when TurboTax asks for the year-end value of your IRAs. Everything about an inherited IRA is entirely independent of your own IRAs where you are the participant. (The only exception is if a spouse beneficiary treats the inherited IRA as the spouses own, in which case it's actually no longer an inherited IRA but instead the surviving spouse becomes the participant.)
March 3, 2025
4:50 PM