Inherited IRA

[Tim-The-Tax-Man]

I received some money from my Mother's IRA when she passed.

The bank with held Fed taxes from the distribution.  I have a form "1098, 1099, or 5498".

Where do I enter this information in TurboTax Deluxe?

Is it in the "Income from Form 1099-MISC?

[dmertz]

Wages & Income -> Retirement Plans and Social Security ->  IRA, 401(k), Pension Plan Withdrawals (1099-R).

[Tim-The-Tax-Man]

My understanding from the bank when they distributed the funds is that it is not a disbursement. 

It was my mother's IRA, but once she passed, it is just cash.

Is that incorrect?

[CatinaT1]

No. If it was a Traditional IRA, tax has to be paid when it is disbursed, regardless of who it was disbursed to.

[dmertz · Accepted solution]

The distribution to you from your mother's IRA is called Income in Respect of a Decedent.  As CatinaT1 said, IRD is taxable to the beneficiary in the same manner as it would have been had it been distributed to your mother while she was alive (except for any early-distribution penalty that might have applied to your mother).