My mother is taking a distribution from part of an IRA that she inherited from my father in 2014. What selection does she make on the tranferred fund question
05798
1 Best answer
dmertz
Level 15
Jun 4, 2019 5:42:58 PM
If she deposited the money reported on this Form 1099-R to an IRA her own name within 60 days of the distribution, select "I put the money into my own IRA account in 2017." Otherwise, select "I did not put the money into my own IRA."
5 Replies
dmertz
Level 15
Jun 4, 2019 5:42:53 PM
What is the code in box 7 of the Form 1099-R provided by the payer? Is the IRA/SEP/SIMPLE box marked?
kipkoenig
New Member
Jun 4, 2019 5:42:54 PM
yes
dmertz
Level 15
Jun 4, 2019 5:42:55 PM
And what is the code in box 7?
dmertz
Level 15
Jun 4, 2019 5:42:58 PM
If she deposited the money reported on this Form 1099-R to an IRA her own name within 60 days of the distribution, select "I put the money into my own IRA account in 2017." Otherwise, select "I did not put the money into my own IRA."