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Received an 1099-R through Probate

At the end of 2019, my sister-in-law passed away.  As part of the Probate, my wife received a 1099-R for the money assigned to her, which includes 401K, IRA, and Cash.  We have not taken or  dispersed any of the money, stocks, funds.  Should we enter the 1099-R in our Federal taxes?  How can we enter it into the form?   Will we have to pay taxes on it in 2020?  Or only we  we move the money?

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Received an 1099-R through Probate

Ordinarily you would not get a 1099-R if you did nothing.

You need to find out what's going on.

You might have an Inherited IRA.

You must take distributions from an inherited IRA on a specified schedule.

 

 

Yes,  if you get a 1099-R you pay tax on the taxable amount shown there.

 

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