My father passed away last year and he had an investment of some sort (I am not sure if it was an annuity, etc.) of which my brother and I were 50% beneficiaries.
I received a 1099-R for my 50%. It shows the total disbursement and a taxable amount (the two numbers are different because my father used post-tax money when he opened this so only the interest income was considered taxable.)
The logical place seems to be under "Retirement plans and social security" but when I go through this section the questions I'm presented with are treating the 1099-R as something from an account I opened.
Is there somewhere else I should be entering this income?
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You are in the correct place. Your box 7 should be code 4 for death benefit. It is your money now for you to follow the account requirements.
I am very sorry for the loss of your father.
You are in the correct place. Your box 7 should be code 4 for death benefit. It is your money now for you to follow the account requirements.
I am very sorry for the loss of your father.
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