1099 R on Assumed Inherited Spousal IRAs

Forum|Forum|1 year ago
February 25, 2025
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My husband passed away 2012 at age 57. I took his IRAS as spousal inherited IRAS for a number of years. 2024 I assumed those IRAs into my own name by rollover into my accounts with the same company.

I received 1099R's that showed the rollovers for the two Traditional accounts with Distribution Code 4, and the 1099Rs included the entire assumed / rollover amounts. That money I assumed remains in my own name IRAs. I also did withdraw very small amounts which are also listed on the 1099Rs.

I also assumed a spousal Inherited Roth Ira at the same time, and the entire amount that was assumed/rolled over to my account shows on the 1099R with Distribution Code Q and the money remains in my own name IRA. I also did withdraw very small amounts which are also listed on the 1099Rs.

Is some correction needed for the 1099R's or is there a way this needs to be separated out when I do my tax filing?

Thanks for any assistance.

Not A Product Question

SusanY1

You can make the adjustment for the rollover in TurboTax after entering the 1099-Rs by indicating the money was rolled over in the follow-up questions. This will have the same effect as an adjusted 1099-R, which can be difficult to get from most providers.

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