I am a widow who received my husband's Vanguard IRA Account in 2005. 2016 was the 1st year I had to take an RMD. Turbo Tax is asking if I inherited this account.
Is this considered inherited if I have had this IRA in my name since 2005 (12+ years ago)?
02643
1 Best answer
macuser_22
Level 15
Jun 1, 2019 3:31:01 AM
No. If you had it place in you name it is no longer inherited - it is your IRA. An inherited IRA would have a code "4" in box 7.
2 Replies
macuser_22
Level 15
Jun 1, 2019 3:31:01 AM
No. If you had it place in you name it is no longer inherited - it is your IRA. An inherited IRA would have a code "4" in box 7.