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Do i need to fill out form 8606 T ?I received an amount for an IRA that was non-taxable, beneficiary from my brother who passed away in november, thanks
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And nothing about a distribution from an IRA that you inherited from your brother ever goes on a Form 8606 inside of TurboTax. If your brother had basis in nondeductible traditional IRA contributions, you would have to prepare a separate Form 8606 outside of TurboTax to determine the taxable amount, then explicitly enter the resulting taxable amount into TurboTax when entering the corresponding Form 1099-R.
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