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lauracote65
New Member

Inherited IRA

I transferred an inherited IRA to another inherited IRA account.  Do I have to report this on my taxes?

posted
‎February 3, 2025 8:18 AM
last updated ‎February 03, 2025 8:18 AM
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Inherited IRA

NO.  There should be nothing to report.

 

The inherited IRA was permitted to be moved only by nonreportable trustee-to-trustee transfer.  You should receive no Form 1099-R for this movement of funds.  A Form 1099-R showing this as a distribution would imply that a distribution was made that was not permitted to be deposited back into an inherited IRA.

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‎February 3, 2025 4:09 PM
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RobertB4444
Expert Alumni
Expert Alumni

Inherited IRA

No.  You should receive no documentation for a trustee to trustee transfer.

 

[Edited 02/04/2025  12:59 PM PST ]

 

@lauracote65 

 

@lauracote65 

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‎February 3, 2025 8:26 AM
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Inherited IRA

NO.  There should be nothing to report.

 

The inherited IRA was permitted to be moved only by nonreportable trustee-to-trustee transfer.  You should receive no Form 1099-R for this movement of funds.  A Form 1099-R showing this as a distribution would imply that a distribution was made that was not permitted to be deposited back into an inherited IRA.

‎February 3, 2025 4:09 PM
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