Hello,
I am 65 years old and widowed in 2024. I inherited my husband's traditional IRA. I then converted 100% to Roth. I did both in 2024.
Using Turbotax Deluxe Online, I cannot find a way when entering this 1099-R t o indicate that it is both inherited and converted to roth ? I can do one or the other.
Because I converted 100% into a Roth IRA, I'm thinking that the inherited status is moot.
I have not yet submitted my return. Unless I receive better advice, I'm planning to enter this 1099-R in Turbotax as converted to Roth, and ignore the fact that it was inherited. The 1099-R Box 7 distribution code is 7 due to my being well over age 59.5. If I were younger, it would have been code 2.
I'll appreciate feedback and advice.
