4 different investments. Where do they get reported in Turbo Tax?
You'll need to sign in or create an account to connect with an expert.
You should get a 1099-R from the plan custodian for each IRA if you withdrew money. Report them in the 1099-R section on the income page. If you don't see it, click "show more" or "let me choose what I will work on."
The investments inside the IRA aren't counted separately. I don't know if you mean you have one IRA that holds 4 different investments, or you have 4 different IRA accounts. But in either case, you will get a 1099-R for each account and you need to enter them in Turbotax.
If you did not withdraw money from the accounts, you won't get a 1099-R. You might or might not owe a penalty, depending on when you inherited the account and what you are planning to do with it, but we would need more details.
Please clarify. What are the four different investments and what tax forms do you have?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ddsabin
New Member
user17767409504
Level 1
Believeme2
New Member
turnips
Returning Member
tpr2000
New Member