Enter an inherited IRA from someone other than the spouse (2024)

When the taxpayer has an inherited IRA from someone other than their spouse, complete the following steps.

  1. Go to the

    Retirement

    folder.
    See Also
    When Your Estate Includes an IRA - Aprio

  2. Open the

    1099R

    screen andenter the distribution information.

  3. On the

    1099R-3

    screen, enter an

    X

    in the

    Inherited IRA

    field.

    note

    The taxable amount is reported on Form 1040, Page 1 and isnotreported on Form 8606.

  4. Attach a separate Form 8606 to the return to report the basis of the inherited IRA.

    note

    Per IRS 1040 e-file limitations, only 1 Form 8606 per taxpayer can be electronically filed.

Enter an inherited IRA from someone other than the spouse (2024)
Top Articles
Tick finance definition
Trading Strategies
Putnam.schoology.com
Edison 10K Watt Party System Manual
Advanced Auto Body Hilton Head
How to Watch Colombia vs. Panama TV Channel, Time, Live Stream - Copa America 2024
New Student Orientation
Dartmouth Early Decision and Regular Decision Notification Dates Class of 2028
Crystal Aura Beach Resort & Spa
[AVIS] Ingé Glass Canon
Free Parking and Pool at Chic Central Austin Oasis Deals & Reviews, austin | LateRooms.com
Exclusive Muir Woods, Napa & Sonoma Valley Wine Tour - Extranomical
Latest Posts
Oh Keno
Cocoa.cvnt
Article information

Author: Rev. Porsche Oberbrunner

Last Updated:

Views: 6115

Rating: 4.2 / 5 (53 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Rev. Porsche Oberbrunner

Birthday: 1994-06-25

Address: Suite 153 582 Lubowitz Walks, Port Alfredoborough, IN 72879-2838

Phone: +128413562823324

Job: IT Strategist

Hobby: Video gaming, Basketball, Web surfing, Book restoration, Jogging, Shooting, Fishing

Introduction: My name is Rev. Porsche Oberbrunner, I am a zany, graceful, talented, witty, determined, shiny, enchanting person who loves writing and wants to share my knowledge and understanding with you.