- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Shouldn't I be able to indicate that the inherited roth IRA is less than 5 years old (indicating it should be taxed)?
I inherited my deceased aunt's Roth IRA. I got a 1099R. Turbo tax asks me When did YOU (not the deceased relative) open a Roth IRA. There are 2 options and neither is the right option! It gives me choice A) you first opened a roth IRA BEFORE 2020 or b) you first opened a roth IRA DURING 2020. The true answer is she opened the roth IRA in 2022...so I am likely having to pay taxes but there is not an option to select that the roth was opened AFTER 2020.
March 27, 2025
7:35 AM