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hkdowdy
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77yo mom died in 2017. I am 56yo w/inherited IRA. I took only RMD in 2018. Why is turbo tax treating this as "early withdrawal" w/ penalties. no source questions.

 
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77yo mom died in 2017. I am 56yo w/inherited IRA. I took only RMD in 2018. Why is turbo tax treating this as "early withdrawal" w/ penalties. no source questions.

There is no early withdrawal penalty on an inherited IRA.

 

What is the code in box 7 on your 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.**
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