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1099R from inherited Roth BDA
I received a 1099R from Fidelity for an inherited BDA account. The account I inherited was a Roth IRA held for many years. My understanding is that the required distribution is not taxable. What are the correct entries in Turbotax for this situation?
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June 3, 2019
1:20 PM
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Retirement tax questions
the correct entries are the distribution code shown in box 7.on the 1099-R
this should result in no taxation.
this should result in no taxation.
June 3, 2019
1:20 PM
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Retirement tax questions
I am beside myself. I have used TT in the past. This year I took out 20,000 from an inherited Roth IRA. Marked it correctly in TT. Filed my taxes and realized afterwards that TT has me paying tax on that distribution. What do I do now?
April 4, 2020
12:51 PM