Inherited IRA
If I didn't take a distribution from an IRA inherited in 2021, do I list it on my 2021 return?
If I didn't take a distribution from an IRA inherited in 2021, do I list it on my 2021 return?
@kenkagan wrote:
There was no 1099-R for the inherited IRA. It is a non-spousal inherited IRA. My question about listing concerns the TurboTax question "Value of your Traditional, SEP, and SIMPLE IRAs on December 31." Is the inherited IRA value included in this amount?
No. That is the total of all IRA's owned by you. A non-spouse inherited IRA must remain in the name of the deceased.
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