Question

Do I have to count my RMD from my inherited ira from parent on savers credit form 8880

Forum|Forum|7 years ago
June 6, 2019
2 replies
0 views

No text available

TurboTax Free Edition Online

Yes, you will need to include the RMD for your parent that you received.

The IRS specifically requires distributions from Non-Spousal Inherited IRA Required Minimum Distributions be reported.

See the instructions page on the following link under Line 4:

https://www.irs.gov/pub/irs-pdf/f8880.pdf

D

dcox4321Author

Yes I read that but that it is under do not include section

J

john7556

Answer is wrong. It looks like answer that is marked as best is incorrect. You should not include the distribution from a non spouse inherited ira. As indicated in this threads later answer

I'm having this same issue and have not submitted my taxe return yet. I'm using federal free turbotax edition. It only asks if you have received any distributions. It does not tell you what types not to include. You have to read irs 8880.

I found this answer here https://ttlc.intuit.com/community/retirement/discussion/will-inherited-ira-rma-s-effect-retirement-savings-contribution-credit/00/311122

I'm going to file later this week I'm not going to claim the distribution i received when my sister and I inherited and split our deceased fathers ira.

I do hope I'm right please chime in if I'm incorrect

D

dmertz

Employee

john7556, you are correct, the original answer here is wrong. Distributions paid to non-spouse beneficiaries are not to be included anywhere on Form 8880.

J

john7556

Thanks. I really wish turbo tax would fix this. it looks like the poster above had the same issue with 2018. Not sure if this is a issue with just the free edition. But it really should include this info in either a actual question or a sidebar pulldown info menu.

Because technically yes in the last 3 years I did receive a distribution. That is all turbo tax asks for. with no side bar help. Again wondering if this is because it is the free edition