My husband received a 1099-r as a beneficiary of the IRA that was closed out when his mother passed away. He took lump sum payment, total disbursement. Is this inherited?

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Yes, from what you describe, this would be an inherited IRA. Check the distribution code in box 7 for sure, as code 4 for death would be listed. See more information on the box 7 codes below, plus more information on inherited IRA's and taxes:

https://ttlc.intuit.com/replies/4194736

https://ttlc.intuit.com/replies/4790205

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My husband received a 1099-r as a beneficiary of the IRA that was closed out when his mother passed away. He took lump sum payment, total disbursement. Is this inherited?

My husband received a 1099-r as a beneficiary of the IRA that was closed out when his mother passed away. He took lump sum payment, total disbursement. Is this inherited?

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My husband received a 1099-r as a beneficiary of the IRA that was closed out when his mother passed away. He took lump sum payment, total disbursement. Is this inherited?

My husband received a 1099-r as a beneficiary of the IRA that was closed out when his mother passed away. He took lump sum payment, total disbursement. Is this inherited?

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