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Clarification of interview question, "Did you inherit the IRA from XXX XXX Bank?"

Well, I inherited the IRA. I inherited it from my father, but not from the Bank. How am I supposed to answer? Yes or No? 

If the question were, "Did you inherit the IRA?" or "Did you inherit the XXX XXX Bank IRA", I would know to answer "Yes". 

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IreneS
Intuit Alumni

Clarification of interview question, "Did you inherit the IRA from XXX XXX Bank?"

Answer Yes.   It just wants to know if you inherited the IRA.  It is confusing wording!


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2 Replies
IreneS
Intuit Alumni

Clarification of interview question, "Did you inherit the IRA from XXX XXX Bank?"

Answer Yes.   It just wants to know if you inherited the IRA.  It is confusing wording!


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Clarification of interview question, "Did you inherit the IRA from XXX XXX Bank?"

Thank you, TurboTaxIrene!. I originally had answered "no" a few days ago, but it had lump the beneficiary IRA together with my personal IRA and its basis. Not good.  

I deleted the original 1099-R data, re-entered it, answered "yes" to that question, and now it is behaving properly.

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