Solved: I live in TX, took care of my mom til she passed 12-2016. I inherited $ from her annuity/IRA. I have one w-2 with $1500.00 income. What forms do I need to file my taxes?

I live in TX, took care of my mom til she passed 12-2016. I inherited $ from her annuity/IRA. I have one w-2 with $1500.00 income. What forms do I need to file my taxes?

posted

Sorry for your loss.

If you took money out of the inherited IRA, you will need to get Form 1099-R. If you didn't take any money out during 2016, you won't have anything to report.

You may be required to take a minimum distribution from the IRA by 12/31/2017. If you weren't planning on withdrawing money, contact the IRA custodian to discuss your options.

View solution in original post

Sorry for your loss.

If you took money out of the inherited IRA, you will need to get Form 1099-R. If you didn't take any money out during 2016, you won't have anything to report.

You may be required to take a minimum distribution from the IRA by 12/31/2017. If you weren't planning on withdrawing money, contact the IRA custodian to discuss your options.