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posted May 31, 2019 11:44:38 PM

Where do I tell TurboTax about a Roth IRA I inherited from my spouse -- on the IRA Information Worksheet lines 61 and 62?

My deceased spouse's Roth IRA was transferred to my Roth IRA which I know is permitted.  Where do I show the Roth basis and conversions my deceased wife did on her Roth IRA when I transfer it into my Roth IRA?  IRA Information Worksheet lines 61 and 62?

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Level 15
May 31, 2019 11:44:39 PM

Since TurboTax step-by-step mode does not have a way to separately enter this basis acquired from your deceased spouse,  you'll either have to enter it directly on the IRA Info Wks in forms mode or simply combine it with your own basis when answering the questions in step-by-step mode regarding your basis.  Don't do both since TurboTax automatically combines the lines 23-32 in Part V and the lines 61-72 in Part VI to come up with the values on lines 51 through 60.

1 Replies
Level 15
May 31, 2019 11:44:39 PM

Since TurboTax step-by-step mode does not have a way to separately enter this basis acquired from your deceased spouse,  you'll either have to enter it directly on the IRA Info Wks in forms mode or simply combine it with your own basis when answering the questions in step-by-step mode regarding your basis.  Don't do both since TurboTax automatically combines the lines 23-32 in Part V and the lines 61-72 in Part VI to come up with the values on lines 51 through 60.