My wife inherited her deceased mothers IRA in 2018. The 1099-R box 7 code is 1 w/ IRA/SEP/Simple box marked. Shouldn't the box 7 code be a 4 for death?

10nov · ‎June 4, 2019

DDollar · ‎June 4, 2019

Yes. You should contact the IRA custodian about getting a corrected Form 1099-R. At this late date, you may need to file an extension while you wait to resolve the 1099-R issue. If you do file an extension, make sure to pay any tax due on or before April 15.

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DDollar · ‎June 4, 2019

Yes. You should contact the IRA custodian about getting a corrected Form 1099-R. At this late date, you may need to file an extension while you wait to resolve the 1099-R issue. If you do file an extension, make sure to pay any tax due on or before April 15.

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My wife inherited her deceased mothers IRA in 2018. The 1099-R box 7 code is 1 w/ IRA/SEP/Simple box marked. Shouldn't the box 7 code be a 4 for death?