I inherited (assumed) the IRA of my spouse who died in mid-2024. In late 2024, I took a distribution from that IRA and received a 1099-R with Code 7 = taxable. That's correct. After I input into TurboTax, I get question about inheriting the IRA from spouse. If I answer YES, the software makes this distribution nontaxable rollover. That's not true. Any help on this question? Thank you.
Since you assumed ownership. it is no longer an inherited IRA.
do not answer YES to the question.
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