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H
hrmfph
April 2, 2024
Question

A 1099-R from my deceased brother's IRA plan. I was a named beneficiary with the plan. How do I answer the 1099-R questions on Turbo Tax, especially about RMD?

  • April 2, 2024
  • 1 reply
  • 0 views
I think it should be a simple taxable income from an inheritance but the info provided came from his plan. The code is 4

1 reply

D
dmertz
Employee
April 2, 2024

Be sure to answer Yes when asked if inherited from [Financial Institution],

 

With regard to the amount that is RMD, TurboTax is actually asking (poorly) how much is ineligible for rollover.  Since none of a distribution paid to a non-spouse beneficiary is eligible for rollover, it's effectively all RMD.

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