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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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February 6, 2020
4:51 PM