My wife( we file jointly) was the recipient of money from a revocable trust when her mom passed in 2016. Have received 1099-r forms for this. How to proceed with filing?

[wassily57]

Which Turbo tax program do I need to file this?  Do I need to claim this inheritance?

[IreneS · Accepted solution]

Yes - you do need to report this income.  You can enter the information from Form 1099-R in any of the online or desktop versions of TurboTax. 

To enter the information from your 1099-R in TurboTax, please follow these steps:

1. Click on Federal Taxes > Wages & Income  [In TT Self-Employed:  Personal > Personal Income].
2. Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).  
3. If you've already entered one (or more) 1099-Rs, you will see a screen Your1099-R Entries.  Click on the link Add Another 1099-R.  
4. If you haven't already entered a 1099-R, you will see the screen, Your1099-R. Click Yes and then Continue.
5. You can either import your 1099-R or click on the I'll type it in myself box.  
6. If you select to enter the information yourself, continue through the screens, answering the interview questions.

[Edited | 4/14/2020 |  7:33am PDT]