- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Solved! Go to Solution.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Scroll down to section B of the 1099R worksheet.
If anybody asks, I wasn't here 😁
Slava Ukraini!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.
"Level Up" is a gaming function, not a real life function.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
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.