I inherited this IRA in 2020. Should I select that option or does it not apply anymore?

I'm in the 1099-R "Do any of these situations apply to you" section. I need to select one of the following options and I don't know which one to choose.

1. I took out this money due to a qualified disaster
2. I inherited this IRA
3. I moved some or all of this money to my HSA as a one-time contribution
4. I need to file a substitute 1099-R
5. The corrected box is checked on this 1099-R
6. None of these apply

I inherited this IRA in 2020. Should I select that option or does it not apply anymore?

168

Expert Alumni

Apr 3, 2023 7:04:00 AM

We'd love to help you complete your tax return but need more information. Can you please clarify your question?

Before we get too deep into this, what code is entered in Box 7?
Is it a 4 that would indicate an inherited IRA?

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I inherited this IRA in 2020. Should I select that option or does it not apply anymore?