Chartrand
Returning Member

Direct transfer of inherited IRA with distribution code 4G is being considered taxable.

I inherited a 401K plan and had it transferred directly from Nationwide to Vanguard. The 1099-R distribution code is 4G (4=death, G=direct rollover). TurboTax is considering this a taxable withdrawal. Why? What can I modify to correct this? Thanks.

 

Problem has been solved. Thanks to all!