Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
coxwyatt
New Member

1099R

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?  

3 Replies
MinhT1
Expert Alumni

1099R

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
lubowskyst11
New Member

1099R

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.

MaryK1101
Expert Alumni

1099R

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

 

@lubowskyst11

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v