Inherited IRA's:

Forum|Forum|4 years ago
March 29, 2022
2 replies
16 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

Alumni - Intuit

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

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