☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Jun 3, 2019 1:20:12 PM

1099R from inherited Roth BDA

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?

0 2 1952
1 Best answer
Level 15
Jun 3, 2019 1:20:13 PM

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

2 Replies
Level 15
Jun 3, 2019 1:20:13 PM

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

New Member
Apr 4, 2020 12:51:14 PM

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?