I received a gross distribution. I rolled it over to a traditional IRA so it should not be taxable. It shows it as non taxable in box 2a. Why is it included as income?

My father passed and I received a distribution of his government IRA.

posted

If you inherited an IRA from your father, you should have set up an "Inherited IRA" account. This account needs to be separate from your own account(s) and must be depleted within 10 years.

If you rolled it over, you essentially took the distribution and later made a contribution.

The situation with IRA accounts which are inherited changed in 2020 because of the SECURE Act.

Link for more info

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How to amend California state return because of 2020 Covid Disaster Distribution was included in both federal and state income when it should be only federal, correct?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

I received a gross distribution. I rolled it over to a traditional IRA so it should not be taxable. It shows it as non taxable in box 2a. Why is it included as income?