Skip to main content
Level 1
June 5, 2019
Solved

Inherited traditional IRA

  • June 5, 2019
  • 1 reply
  • 6 views
Inherited a traditional IRA from aunt and cashed out. How do I include that in my tax return?
Best answer by

You should receive Form 1099R from the IRA custodian to report the distribution on your tax return.  Once you have the form, go to Federal Taxes>Wages & Income>Retirement Plans and Social Security to report the income.

1 reply

Answer
June 5, 2019

You should receive Form 1099R from the IRA custodian to report the distribution on your tax return.  Once you have the form, go to Federal Taxes>Wages & Income>Retirement Plans and Social Security to report the income.