topic [-] in Retirement tax questions

Form 8606 inh. nondeductible IRA: Enter Name as Joe Q. Public (Inherited IRA - Beneficiary of (Jane Q. Public) and my SSN or enter only my mother's name and her SSN?

luerman1 — Thu, 06 Jun 2019 20:20:22 GMT

Each year I file a paper return with Form 8606 due to my inherited nondeductible IRA as beneficiary of my deceased mother. It is never clear to me what information is to be entered into the first two blocks of Form 8606 ("Name" and "Your social security number"). I have been entering Name as: Joe Q. Public (Inherited IRA - Beneficiary of (Jane Q. Public). I have been entering my social security number. Is this correct or should I be entering only my mother's name and her social security number? Is my deceased mother considered to be the owner of the Inherited IRA, or am I the owner of the Inherited IRA? - Thank you.

Whos name and SSN does the 1099R have on it?

Lisa995 — Thu, 06 Jun 2019 20:20:24 GMT

Whos name and SSN does the 1099R have on it?

Enter it just as is is on the 1099-R. Your deceased moth...

macuser_22 — Thu, 06 Jun 2019 20:20:25 GMT

Enter it just as is is on the 1099-R.

Your deceased mother is the owner - you are the beneficiary. Your SSN goes on the form since the money is payable and taxable to you as beneficiary.

Thank you!

luerman1 — Thu, 06 Jun 2019 20:20:27 GMT

Thank you!

you've been doing it obtusely. but it would make no diff...

fanfare — Thu, 06 Jun 2019 20:20:29 GMT

you've been doing it obtusely. but it would make no difference either way, IRS gets the intent

Jane is the owner.

it is Jane Public ( Joe Public, beneficiary). Use your SSN.

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fanfare — Thu, 06 Jun 2019 20:20:30 GMT

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