gary1861
Level 4
03-05-2020
09:20 PM
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Taxpayers have contributed to non-deductible IRA's in the past, so we show basis in the program. Spouse inherited IRA on death of her mother. ProSeries is "using some of the basis to make the IRA distribution tax free, but that is a totally different IRA. The 1099-R is coded box 4. Is there someway to mark this so the basis isn't used up?
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rbynaker
Level 14
03-05-2020
09:58 PM
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Scroll down on the 1099-R Wks to the inherited IRA section and check the box for inherited from someone other than spouse.
davidwashington
Level 3
02-16-2021
12:53 PM
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Checking the box for year 2020 Does Not Work
