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Where do I enter a 1099-R from an inheritance?

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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1 Best answer

Accepted Solutions
AmyC
Expert Alumni

Where do I enter a 1099-R from an inheritance?

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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View solution in original post

1 Reply
AmyC
Expert Alumni

Where do I enter a 1099-R from an inheritance?

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.

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

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