IRA rollover

[bvv]

My parents both died in 2018.  In 2019, I received an IRA distribution from their estate.  I closed it out and rolled it into an IRA at my credit union.  TT is asking me if this is an RMD.  I have no idea?  I said yes, but it never asks me if I rolled it over.  It is just listing the whole amount as taxable.  So, I must have done something wrong.  Anyone with an idea?

[MinhT1]

As you inherited the IRA from your parents, you cannot roll it over to an IRA in your own name. This can only be done with an IRA inherited from your spouse.

The IRS says (see this IRS document).

If the inherited traditional IRA is from anyone other than a deceased spouse, the beneficiary cannot treat it as his or her own. This means that the beneficiary cannot make any contributions to the IRA or roll over any amounts into or out of the inherited IRA. However, the beneficiary can make a trustee-to-trustee transfer as long as the IRA into which amounts are being moved is set up and maintained in the name of the deceased IRA owner for the benefit of the beneficiary.

If you roll over the inherited IRA into an IRA in your name, the rollover is not allowed. It is considered as a taxable withdrawal and the funds have to be removed from the IRA. Please see your IRA administrator.

[bvv]

Thanks.  Well that isn't what I wanted to hear.  🙂

Thanks again for the information!