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