Generally speaking, only the distributions from an inherited traditional IRA are taxable, just as they are for non-inherited traditional IRAs. Distributions from an inherited Roth are not taxable unless the Roth was established within the past 5 years.
Inherited 401(k) plans are (or eventually will be) taxable but the amount of tax depends on the 401(k) plan rules.
Make sure to enter the 1099-R form into Turbo Tax exactly as it appears and answer the follow up questions.
- Open (continue) return if you don't already have it open.
- Inside TurboTax, search for 1099-R or 1099R (lower-case works too) and then select the "Jump to" link in the search results.
- Answer Yes on the Your 1099-R screen, then click or tap Continue.
