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Level 1

Question

1099R

3 replies
18 views

I inherited a retirement account from my mother who passed in 2018. I moved the account to a different financial provider than she used. I have to take so much out per year, so I elected a monthly withdrawal and elected to have taxes taken out. The question states did you inherit from National financial services- the technical answer is no- I inherited it from a different financial company and then just rolled it over to this current company. Do I answer no or yes to the question did you inherit from NFS?

Alumni - Intuit

As this is an inherited retirement account, you should answer Yes to that question.

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Level 2

My mother passed on Jan 19,2019 I inherited her 401 NYC employee retirement 0n the 1099 R box 1 is 0.00 but bot 2a shows a dollar amount. Fed tax was withheld but not state and city. I can't find where they are asking a yes or no question.

Alumni - Intuit

After you enter the information on the 1099-R, you will ENTER and you will see the follow up questions regarding the distribution.

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