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Inherited IRS

Veneia Michelle
Level 2

Hello, How do I complete Form 8606 for an Inherited IRA where the mom's total basis for 2018 was only $839.00 and it's to be split for a brother and sister who both inherited part of the IRA.  My client is he brother....

Thanks.

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1 Comment 1
George4Tacks
Level 15

How about using $419.50 as basis. 

https://proconnect.intuit.com/community/individual/help/where-do-i-enter-the-ira-basis-and-year-end-...


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