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divance
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1099-R Distribution AFTER Death of Mother

Isn't there a way to show that the money was passed into my name, without taxation; ie. K-1?

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3 Replies

1099-R Distribution AFTER Death of Mother

In your name?   What code is on box 4 on the 1099-R?  Is your name and SSN on the 1099-R?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
divance
New Member

1099-R Distribution AFTER Death of Mother

Hi, thanks.  The code is 7.  So, I think there's a misunderstanding...on my part...that the 1099-R must be for her RMD, and NOT for the liquidation of her IRA account.

1099-R Distribution AFTER Death of Mother

The if the money was distributed prior to her death, it must be reported on her final 2020 tax return.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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