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Level 1

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?

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Accepted Solutions
Level 6

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.  

2 Replies
Level 20

Is an inherited IRA considered inherited every year?

Are you the spouse of the deceased?
Level 6

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.