in Education
3660276
I've entered my 1099-R information for my inherited RMD, answered the following questions. As soon as I indicate it was an inherited IRA and enter my mother's name, my federal amount increases because its considering this as taxable income. All of the RMD was rolled over into a new IRA. I entered it the same way I did last year and it did not have this impact.
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You can disregard. While this is what is visually causing the change, something else is ultimately driving the change....its just not clear what it is.
"All of the RMD was rolled over into a new IRA."
RMDs are not eligible for rollover. Any portion of these funds deposited into an IRA constitutes an ordinary contribution to the IRA, not a rollover.
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