caroljo
Level 5
‎02-25-2020 03:35 PM
 
0 Cheers
IRonMaN
Level 15
‎02-25-2020 03:40 PM

Scroll down to section B of the 1099R worksheet.

If anybody asks, I wasn't here 😁


Slava Ukraini!
Terry53029
Level 15
Level 15
‎02-25-2020 03:47 PM

When you are filling out the 1099 worksheet, keep scrolling down for more info on rollovers.

you should do some research in pub 590 unless you are fully experienced in IRA's code 4 is death and depending on type of IRA they get different handling

Here is link: https://www.irs.gov/pub/irs-pdf/p590b.pdf

View solution in original post

qbteachmt
Level 15
‎02-25-2020 03:54 PM

Doesn't 4 = death? That makes it hard for the taxpayer to roll it over anywhere.

Otherwise, don't we need to know the account type and if the beneficiary is the spouse or not?

Details always help.

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BobKamman
Level 15
‎02-25-2020 04:12 PM

Unless it was a trustee-to-trustee transfer, you may have some disappointing news for your client.   There is no "60-day rule" for inherited IRA's.