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hrmfph
New Member

A 1099-R from my deceased brother's IRA plan. I was a named beneficiary with the plan. How do I answer the 1099-R questions on Turbo Tax, especially about RMD?

I think it should be a simple taxable income from an inheritance but the info provided came from his plan. The code is 4
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1 Reply
dmertz
Level 15

A 1099-R from my deceased brother's IRA plan. I was a named beneficiary with the plan. How do I answer the 1099-R questions on Turbo Tax, especially about RMD?

Be sure to answer Yes when asked if inherited from [Financial Institution],

 

With regard to the amount that is RMD, TurboTax is actually asking (poorly) how much is ineligible for rollover.  Since none of a distribution paid to a non-spouse beneficiary is eligible for rollover, it's effectively all RMD.

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