150700
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

broc2
Returning Member

I closed an inherited IRA (from parent) in 2018 after taking rmd's for many years. Do I report as 'normal distribution' or 'final distribution'?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Rachel_W
Expert Alumni

I closed an inherited IRA (from parent) in 2018 after taking rmd's for many years. Do I report as 'normal distribution' or 'final distribution'?

You should choose "final distribution" since you will not be taking any more distributions for the Inherited IRA.

View solution in original post

1 Reply
Rachel_W
Expert Alumni

I closed an inherited IRA (from parent) in 2018 after taking rmd's for many years. Do I report as 'normal distribution' or 'final distribution'?

You should choose "final distribution" since you will not be taking any more distributions for the Inherited IRA.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question