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Question

2024 took complete withdrawal of inherited IRA. Don't know how to answer TurboTax Q "Did xx inherit the IRA from xxx bank?" IRA is in xxx bank. Should I answer yes or no?

Forum|Forum|1 year ago
March 20, 2025
1 reply
0 views

Question seems to ask did I inherit from the bank or my father. Question is confusing.

TurboTax Online

Employee

This incredibly poorly worded question is asking if the distribution was from an inherited IRA. Answer Yes.

(The question is intending to ask if the IRA held by [bank] is inherited. The code 4 in box 7 already says that, so TurboTax shouldn't even need to ask this question.)