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sa857
New Member

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

There were no distributions during her life, is there a fine?

1 Best answer

Accepted Solutions
macuser_22
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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12 Replies
Carl
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

If the 1099-R has your SSN and name on it, then it is yours. Otherwise, if you mom's SSN/Name is on it, then it gets reported on her final return, or the estate return.
macuser_22
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

What code is in box 7?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
LudwigVan_fan
Level 8

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

How old was your mother when she passed, younger than 70 1/2?   If so, no penalties for no distributions.  If older, then the estate might have some penalties for your mother not taking RMD.

Something to consider.
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
macuser_22
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

@pezlud - Age would make no difference on a total distribution and there is never a penalty on a beneficiary IRA if that is what this is, but that is determined by the box 7 codes.    A RMD does not apply to a total distribution - by definition, a total distribution is *always* more than the RMD.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
LudwigVan_fan
Level 8

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

I'm thinking there could possible be penalties for prior year if an RMD was not made.  A lot of these penalties in IRAs are cumulative and don't go away.  Obviously a total distribution is more than the RMD.

Not sure why they did a total distribution either...could have done an inherited IRA....unless of course the was no named beneficiary or the estate was the beneficiary.  I guess you get an inherited IRA if you are a named beneficiary.
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
sa857
New Member

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

She was 95 there were two beneficiaries named. I don't want to get hit with a fine I had no idea this even existed
macuser_22
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

That is why knowing the box 7 code is important (or whose name and SSN is on the 1099-R as Carl asked).
 If a code 4 (or the posters SSN and name as beneficiary) is on the 1099-R, then it would be the posters 1099-R and go on the posters tax return.  A code 4 can only be a beneficiary IRA.  

If, however there is a code 7, T or Q, then the distribution was either to the decedent prior to death and would go on the decedents final tax return if decedent dies in 2016, if after death, it would be part of the decedents estate and go on the estate tax return.  

 Prior missed RMD's depend on who missed them, but those are not reported on a 1099-R.   If box 7 was Q or T then is was a Roth IRA not subject to RMD's.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
macuser_22
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

Again, what code is in box 7 and who's name ans SSN is on the 1099-R?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
sa857
New Member

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

Box 7 is #4 and my name is on the 1099-R.  So the was turbo tax is setting it up is correct ??
macuser_22
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

Yes.  It is your 1099-R.  Enter as in the answer box below.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
sa857
New Member

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

Thank you all for your help
macuser_22
Level 15

I received a 1099-R total distribution form from my mothers ira when she passed away, turbotax has it set up to look like it is mine? Is this correct ?

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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