Each year I file a paper return with Form 8606 due to my inherited nondeductible IRA as beneficiary of my deceased mother. It is never clear to me what information is to be entered into the first two blocks of Form 8606 ("Name" and "Your social security number"). I have been entering Name as: Joe Q. Public (Inherited IRA - Beneficiary of (Jane Q. Public). I have been entering my social security number. Is this correct or should I be entering only my mother's name and her social security number? Is my deceased mother considered to be the owner of the Inherited IRA, or am I the owner of the Inherited IRA? - Thank you.
You'll need to sign in or create an account to connect with an expert.
you've been doing it obtusely. but it would make no difference either way, IRS gets the intent
Jane is the owner.
it is Jane Public ( Joe Public, beneficiary). Use your SSN.
you've been doing it obtusely. but it would make no difference either way, IRS gets the intent
Jane is the owner.
it is Jane Public ( Joe Public, beneficiary). Use your SSN.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
fillini00
Level 2
fillini00
Level 2
rbwitcher2
New Member
saalves2424
New Member
josephetc
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.