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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!
‎February 26, 2020
6:06 PM