What does the question "Did Teresa inherit the IRA from E*TRADE Securities?" mean? "Inheritance" doesn't imply anything to me about my brokerage facility.
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1 Best answer
DanaB
Expert Alumni
Jun 5, 2019 2:35:00 PM
TurboTax is asking if you inherit the IRA account from anyone (relative or similar) because they passed away. The tax treatment is different in such a case. If you established that IRA account yourself then answer "no".
1 Replies
DanaB
Expert Alumni
Jun 5, 2019 2:35:00 PM
TurboTax is asking if you inherit the IRA account from anyone (relative or similar) because they passed away. The tax treatment is different in such a case. If you established that IRA account yourself then answer "no".