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March 7, 2025
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Where do I enter a 1099-R from an inheritance?

  • March 7, 2025
  • 1 reply
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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?

    Best answer by AmyC

    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.

    1 reply

    AmyC
    AmyCAnswer
    Employee
    March 8, 2025

    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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