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Yes, it is an inherited retirement and it is taxed the same as it would have been taxed for the decedent. Enter it under the Retirement Income. The code 4 in Box 7 designates that it is inherited so Turbo Tax will know to ask some followup questions. I am sorry for your loss.
Yes, it is an inherited retirement and it is taxed the same as it would have been taxed for the decedent. Enter it under the Retirement Income. The code 4 in Box 7 designates that it is inherited so Turbo Tax will know to ask some followup questions. I am sorry for your loss.
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