Inherited IRA's:

Forum|Forum|4 years ago
March 29, 2022
2 replies
8 views

4 different investments. Where do they get reported in Turbo Tax?

Opus 17

Level 15

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.

HelenC12

Level 15

Please clarify. What are the four different investments and what tax forms do you have?

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