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Retirement tax questions
A non-spouse beneficiary is not permitted to roll an IRA distribution over to an IRA BDA account, so TurboTax will not permit an non-spouse beneficiary to indicate that a code 4 distribution from an IRA was rolled over. If the account was instead moved by trustee-to-trustee transfer where the money leaving your parent's account was paid directly to the BDA IRA and was never paid to you personally, contact the IRA custodian to obtain a corrected Form 1099-R to show that $0 was distributed to you. A trustee-to-trustee transfer of an IRA is neither a distribution nor a rollover and is not reportable by the IRA custodian.
‎June 6, 2019
12:12 AM