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Retirement tax questions
I inherited an IRA CD from my spouse who passed away 4 July 2019. I've entered the 1099-R into Turobotax. I indicate that the ira was inherited and put into my individual IRA. Two problems result. First in line 4a the entry "ROLLOVER" in entered with a taxable amount of zero. I believe some portion should be taxable. The taxable portion would be the total RMD except that there is an associated 8606 from prior years because the IRA was established from after tax dollars. I see no way to link that 8606 to reduce the taxable portion of the RMD.
‎January 30, 2020
10:40 AM