WHAT MEANS WHEN SAYS: " DID YOU INHERIT THE IRA FR...
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

WHAT MEANS WHEN SAYS: " DID YOU INHERIT THE IRA FROM RETIREMENT SERVICES?

 
4 Replies
Highlighted
Level 15

WHAT MEANS WHEN SAYS: " DID YOU INHERIT THE IRA FROM RETIREMENT SERVICES?

It want to know if the IRA was your own IRA if you inherited it from someone that died and left it to you.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
Highlighted
Returning Member

WHAT MEANS WHEN SAYS: " DID YOU INHERIT THE IRA FROM RETIREMENT SERVICES?

Sorry but the response was unclear. I have the same issue. It looks like TT is asking if the IRA was inherited from the financial institution holding the IRA, as opposed to inheriting it from a person. Which is it?

Highlighted
Expert Alumni

WHAT MEANS WHEN SAYS: " DID YOU INHERIT THE IRA FROM RETIREMENT SERVICES?

Retirement Services is the name used, the holder of the IRA, because it is unknown who you actually inherited from. In addition, the program is being clear because you could have inherited more than one IRA from more than one institution.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Highlighted
Level 15

WHAT MEANS WHEN SAYS: " DID YOU INHERIT THE IRA FROM RETIREMENT SERVICES?

Many people complain about the improper wording of this question in TurboTax but TurboTax Product Quality has indicated that they see no need to change it.  The question is actually asking, "Did you inherit the IRA that is held at Retirement Services?"

Privacy Settings