My wife who passed away early last year had an IRA. She had not taken the RMD when she died. Fidelity rolled the IRA into a new Beneficiary IRA for me and I then was able to take the RMD. I am having a little trouble figuring out how to answer the questions for the 1099R in Turbotax.
First it asks me to enter the nnumbers from the IRA
I then answer Yes to Did {myName} Inherit the IRA and that was from my spouse.
Did {myName} put the inherited funds into {myName} own IRA account
This is what trips me up. I did put the entire account into a new IRA in my name. If I answer yes, I start getting questions that make it sound like the RMD was placed into an IRA, which is wasn't
You told us that {myName} rolled over the entire $X distribution to another qualified account. This is not correct as the RMD went into a cash account. I went back and changed the previous answer to no, {myName} did not put the money into {myName} own IRA account. It's not clear if the distribution they are talking about is the RMD or the account as a whole.
Or maybe I just should answer No, it was not inherited since the beneficiary IRA is now mine.
