1099R from inherited Roth BDA

Forum|Forum|7 years ago
June 3, 2019
2 replies
43 views

I received a 1099R from Fidelity for an inherited BDA account. The account I inherited was a Roth IRA held for many years. My understanding is that the required distribution is not taxable. What are the correct entries in Turbotax for this situation?

TurboTax Premier Windows

Best answer by fanfare

the correct entries are the distribution code shown in box 7.on the 1099-R
this should result in no taxation.

fanfareAnswer

Level 15

the correct entries are the distribution code shown in box 7.on the 1099-R
this should result in no taxation.

Chancpu98

Level 2

I am beside myself. I have used TT in the past. This year I took out 20,000 from an inherited Roth IRA. Marked it correctly in TT. Filed my taxes and realized afterwards that TT has me paying tax on that distribution. What do I do now?