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dlrtok1829-gmail-com
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Is an inherited IRA considered inherited every year?

I inherited an IRA in 2017 and claimed it as inherited for my 2017 taxes. Do I continue to claim it as inherited or is it now mine?

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‎June 5, 2019 3:07 PM
last updated ‎June 05, 2019 3:07 PM
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KittyM
Level 2

Is an inherited IRA considered inherited every year?

As long as you receive distributions from your inherited IRA, it will be an "inherited IRA."  There are special rules surrounding inherited IRA's, so it is important for TurboTax to be given this information.  

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‎June 5, 2019 3:07 PM
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dmertz
Level 15

Is an inherited IRA considered inherited every year?

Are you the spouse of the deceased?
‎June 5, 2019 3:07 PM
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KittyM
Level 2

Is an inherited IRA considered inherited every year?

As long as you receive distributions from your inherited IRA, it will be an "inherited IRA."  There are special rules surrounding inherited IRA's, so it is important for TurboTax to be given this information.  

‎June 5, 2019 3:07 PM
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