My mother was collecting a county pension upon her death. As a beneficiary, I received a inherited lump-sum distribution with FIT withheld.
Is the 1099-R reportable income for me? I assumed Yes.
If so, is the withdrawal considered an RMD? All or Part? I assumed Yes and All.
Base on the TurboTax results, the county did not withhold sufficient FIT. It does not qualify for Special Averaging Method.
So are there any other tax filing areas that I should take into consideration concerning this matter; such as inheritance taxes paid to the state, etc.
Thanks in advance.
