Solved: "I inherited this IRA" -- does this refer to the current tax year. I.e., if I inherited IRA 12 years ago, then how do I answer? Thx!

"I inherited this IRA" -- does this refer to the current tax year. I.e., if I inherited IRA 12 years ago, then how do I answer? Thx!

posted

TurboTax is asking if you received this distribution as a beneficiary rather than owner of the IRA. If the Form 1099-R has code 4 in box 7, the answer is Yes.

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TurboTax is asking if you received this distribution as a beneficiary rather than owner of the IRA. If the Form 1099-R has code 4 in box 7, the answer is Yes.