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I am sole beneficiary of my father's IRRA and he passed in May 2017. Will Premier version allow me to account for that income and the car he gifted me?

I have withheld taxes prior to distribution.

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New Member

I am sole beneficiary of my father's IRRA and he passed in May 2017. Will Premier version allow me to account for that income and the car he gifted me?

Yes, inherited income is reported on Form 1099-R which is included with the Premier version.  Follow these steps to see the list:

1.   Click this link Tax Forms Included.  

2.    Scroll down to the middle of the page (blue banner).

3.    You can either type “1099-R” in the search box or scroll down to the “Other Tax Forms and Schedules” box where you will see it listed.

 However, a “gifted” car does not have to be reported.

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New Member

I am sole beneficiary of my father's IRRA and he passed in May 2017. Will Premier version allow me to account for that income and the car he gifted me?

Yes, inherited income is reported on Form 1099-R which is included with the Premier version.  Follow these steps to see the list:

1.   Click this link Tax Forms Included.  

2.    Scroll down to the middle of the page (blue banner).

3.    You can either type “1099-R” in the search box or scroll down to the “Other Tax Forms and Schedules” box where you will see it listed.

 However, a “gifted” car does not have to be reported.

View solution in original post