Solved: My spouse passed away in 2016. I inherited a 401k plan that I rolled over into my traditional IRA. Do I need to claim that on my taxes?
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My spouse passed away in 2016. I inherited a 401k plan that I rolled over into my traditional IRA. Do I need to claim that on my taxes?

 
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New Member

My spouse passed away in 2016. I inherited a 401k plan that I rolled over into my traditional IRA. Do I need to claim that on my taxes?

Yes you should, even though it is not taxable.  The plan administrator should have sent you a form 1099-R.

Enter it exactly as printed, including box 7. Go to:

Federal Taxes (top menu)

Click Income & Expenses (just below top menu)

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

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New Member

My spouse passed away in 2016. I inherited a 401k plan that I rolled over into my traditional IRA. Do I need to claim that on my taxes?

Yes you should, even though it is not taxable.  The plan administrator should have sent you a form 1099-R.

Enter it exactly as printed, including box 7. Go to:

Federal Taxes (top menu)

Click Income & Expenses (just below top menu)

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

View solution in original post

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New Member

My spouse passed away in 2016. I inherited a 401k plan that I rolled over into my traditional IRA. Do I need to claim that on my taxes?

So, it wont effect anything then because it is not taxable?  It just needs to be enetered?
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New Member

My spouse passed away in 2016. I inherited a 401k plan that I rolled over into my traditional IRA. Do I need to claim that on my taxes?

Correct.  It will not affect anything.  But it is a good idea to report it.
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