You'll need to sign in or create an account to connect with an expert.
What kind of death benefit?
Depending on the type of benefit you receive, you may end up paying tax on some or all of the money. Life insurance benefits are usually tax-free, but not always.
Did you receive a 1099-Misc or 1099-R for the death benefit?
If so, it may be taxable.
As for the amount contributed to the IRA, this would not be a roll over, unless it was not a death benefit, but an inherited IRA.
If it was a death benefit, you would report the amount of the benefit as a IRA contribution.
What is the year on the Form 1099-R from the payer that is reporting this distribution?
What is the code in box 7 of this Form 1099-R?
Is the IRA/SEP/SIMPLE box marked on this Form 1099-R?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
hidive69-gmail-c
New Member
sopa643479
New Member
schlova
New Member
joaniezang
New Member
sosa962730
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.