Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 21, 2024 11:44:37 AM

I inherited an IRA in 2023. When they ask about years of participation do they mean MY years, or the original owner of the IRA?

This is a Simple IRA

0 1 432
1 Replies
Level 15
Mar 21, 2024 12:17:38 PM

It seems to me that TurboTax should have no reason to ask this question for a distribution from an inherited traditional IRA.

 

What is the code in box 7 of this Form 1099-R?

Is the IRA/SEP/SIMPLE box marked?

Did you answer Yes when asked if you inherited the account from XXX?