Yes, you want to enter the Form 1099-R on your return, however the codes in Box 7 will determine the taxability, if any, for your tax return.
Yes, you want to enter the Form 1099-R on your return, however the codes in Box 7 will determine the taxability, if any, for your tax return.
If his IRA was cashed out and distributed, and you got a 1099-R in your name, then that is taxable income to you. (Because it was inherited, it is not subject to the 10% penalty if you are under age 59-1/2. But it is taxable income since no one paid tax on the money when it was contributed, so all the taxes are paid when it is withdrawn or distributed.)