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Returning Member
posted Mar 7, 2025 11:03:36 AM

Inherited ROTH IRA

I inherited a Roth IRA in 2015. I have downloaded the 1099R into TurboTax yet. It is not asking me if this was an inherited Roth IRA. The distribution code is T which it has always been yet it is saying that I may owe taxes on this distribution. How can I be certain that it is aware that it was an inherited Roth and was owned by my mother for more than 10 years before she passed away

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1 Replies
Level 15
Mar 7, 2025 11:27:44 AM

When entering a code-T Form 1099-R, the download version of TurboTax Home & Business , TurboTax asks if the distribution is from an inherited account.  Answering Yes to that question makes TurboTax aware that the distribution is from an inherited account.  In the online versions of TurboTax, TurboTax will present a page that has a checkbox to mark to indicate that the distribution is from an inherited account.