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If I cashed out an inherited IRA from my mom in 2025 and paid taxes, do I indicate in Turbo tax that I inherited and IRA or cash? If an IRA then RMD steps are asked.
I received a 1099-R indicating the distribution and the taxes paid with a distribution code of "4" (Death). But I had my mom's advisor cash it out and withdraw taxes before transferring to me. This was completed before end of 2025. So I am wondering if the situation of "I inherited this IRA" does not apply.
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‎February 25, 2026
1:31 PM