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New Member
posted Jun 4, 2019 1:30:06 PM

If i inherited money from an ira my father had who passed away and received a 1099-R do i have to pay taxes on it

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1 Best answer
Alumni
Jun 4, 2019 1:30:07 PM

If the IRA was funded with pre-tax money, then you have to pay tax on the distributions. Put the 1099-R information into Turbotax and Turbotax will calculate any tax due.

1 Replies
Alumni
Jun 4, 2019 1:30:07 PM

If the IRA was funded with pre-tax money, then you have to pay tax on the distributions. Put the 1099-R information into Turbotax and Turbotax will calculate any tax due.