"Where is your distribution from?" I inherited money during the liquidation of a traditional IRA upon my grandmother's death (~$3k). What source is this? I'm 32.

Military pension; Qualified government or public pension; Current year conversation from a traditional IRA to a Roth IRA; Other qualified IRA distributions and private-source pensions; Pension/IRA distributions received before retirement age / None of the above. I'm leaning towards the 'None of the above' option.

239

Expert Alumni

Jan 27, 2021 8:26:27 AM

This is normally a question to determine state taxation. Which state are you filing in? It appears from those options "None of the above" is correct, however, someone can take a look at the state taxing authority websites as well.

I assume the distribution code is "4" on the 1099R and be sure that you select "Inherited IRA" in the interview as well.

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"Where is your distribution from?" I inherited money during the liquidation of a traditional IRA upon my grandmother's death (~$3k). What source is this? I'm 32.