turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Tim 3
Returning Member

401 K inheritance

Hi. I have inherited a 401k from my deceased father.  Filled a 1099R and Turbo Tax is asking for the best way to describe the retirement distribution for a state type code. Please advise, not sure which option to pick.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
MaryK4
Expert Alumni

401 K inheritance

Can you clarify which state so someone can check the requirements for you?  Thanks!  @Tim 3

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Tim 3
Returning Member

401 K inheritance

PA - Pennsylvania

 

Thanks.

MaryK4
Expert Alumni

401 K inheritance

I'm eligible; plan's eligible (no PA tax) 

If you have a Code 4 Death distribution.- A distribution due to death is not taxable for PA purposes - unless included with Code D. 

See How do I know if the amount on my 1099R (1099-R) is taxable on my PA Personal Income Tax Return?

 

My condolences on your loss.

@Tim 3

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Tim 3
Returning Member

401 K inheritance

Thank you for the clarification and the condolences.

Tim

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question