Retirement tax questions

Line 6 should NOT include any inherited IRA's at all.  Only *your* IRA's in your name are totaled for line 6.  Inherited IRA's must be kept in the name of the deceased with you as beneficiary.   Any basis in a inherited  IRA must be tracked separately on a separate 8606 for the inherited IRA and not your own 8606.   The basis in an inherited IRA cannot be combined with your own basis.

If there is a basis in the inherited IRA then TurboTax does not support a separate 8606. You would need to download a blank 8606 form from the IRS, fill it out, and attach it to a mailed tax return.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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