How are decedent IRAs handled on the Georgia return?

[cnelsonuga]

How is cryptocurrency handled for taxes?

[DawnC]

Enter any 1099-Rs on your federal return and TurboTax will transfer the information to your GA return.  With a Traditional Inherited IRA, distributions are generally taxed as ordinary income at both the federal and state levels.

How crypto is taxed depends on the type of transaction - See Cryptocurrency Guide.  

Depending on the situation, cryptocurrency is taxed as:

• Ordinary income, if for example, it earns a return for the holder from an income stream (similar to interest) or
• A capital gain or loss from a sale of property after its value has increased or decreased
• If merely bought and held, it’s not taxed until something is done with it, such as disposal