JamesG1
Expert Alumni

Retirement tax questions

Your wife inherited her mother’s annuity. 

 

It sounds like she received the remaining balance so the 1099-R is probably marked as:

  • ‘total distribution’ in box 2b, and
  • ‘4’ in box 7.

You do want to indicate that it is an ‘inherited IRA’ but it is not a ‘spousal IRA’.  See this help.

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