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johncarldennis
New Member

How do I designate money that was inherited from a deceased siblings IRA, etc.?

 
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Accepted Solutions
Cindy0H
New Member

How do I designate money that was inherited from a deceased siblings IRA, etc.?

If you have a 1099R, the codes will indicate on line 7 "Death". That means it is inherited.

Here are the steps:

  • Federal
  • Income & Wages
  • Retirement & Social Security
  • IRA, 401(k), Pension Plan Withdrawals (1099-R)

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      1 Reply
      Cindy0H
      New Member

      How do I designate money that was inherited from a deceased siblings IRA, etc.?

      If you have a 1099R, the codes will indicate on line 7 "Death". That means it is inherited.

      Here are the steps:

      • Federal
      • Income & Wages
      • Retirement & Social Security
      • IRA, 401(k), Pension Plan Withdrawals (1099-R)
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