Fidelity will NOT correct 1099R for inherited assets. SO what is the mechanism by which I should correct taxable amount ( which should be the difference between columns (1) entry and the step up value on the day the assets were transferred to me). Is there another from I need to use to do this, or do I correct the manually entered 1099R (cause Turbo tax import function sucks and doesn't work)??
I should add that the 1099R that I manually entered had Gross distribution (1) equal to (2a) Taxable
amount with (2b) Taxable amount not determined checked.
Seems to me 2a should more correctly be the difference between Gross distribution (1) entry and the step up value. But do I edit that on the TurboTax 1099R which would then make it different that what Fidelity reports tot eh US gov? Or is there another form in TurboTax I use to represent the correction?
