Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
dlrtok1829-gmail-com
New Member

Is an inherited IRA considered inherited every year?

I inherited an IRA in 2017 and claimed it as inherited for my 2017 taxes. Do I continue to claim it as inherited or is it now mine?

1 Best answer

Accepted Solutions
KittyM
Level 2

Is an inherited IRA considered inherited every year?

As long as you receive distributions from your inherited IRA, it will be an "inherited IRA."  There are special rules surrounding inherited IRA's, so it is important for TurboTax to be given this information.  

View solution in original post

2 Replies
dmertz
Level 15

Is an inherited IRA considered inherited every year?

Are you the spouse of the deceased?
KittyM
Level 2

Is an inherited IRA considered inherited every year?

As long as you receive distributions from your inherited IRA, it will be an "inherited IRA."  There are special rules surrounding inherited IRA's, so it is important for TurboTax to be given this information.  

Dynamic AdsDynamic Ads
Privacy Settings
v