Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 03-04-2018, 02:24 PM
Junior Member
 
Join Date: Mar 2018
Posts: 2
IRA beneficiary

My mom passed 8/17/17, she was 76. I am her daughter and was listed as a beneficiary on her IRA. After the transfer into my name, I chose to cash out the entire thing. I had full estimated taxes taken out before I received a check. I received a form 1099-R with federal and state taxes listed that I paid and distribution code 4 for death. Also received a form 5498 FMV under $3. Question is, is this a simple fill in the box thing on Turbo Tax or is this something an CPA or tax office should prepare for me? Also people tell me I will get the taxes paid back when I file, but since it was an IRA and I am not the spouse I believe taxes were due and I will not get back, unless we overestimated and I paid more than due.
Thanks in advance for the help on this.

Jody



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
IRA Beneficiary: Calculating required distributions Betageek IRA/Sep 2 12-14-2017 12:03 PM
Qualified Dividends Allocable to Beneficiary Thirdsacharm For 2016 0 03-31-2016 03:25 PM
Estate Beneficiary SNoe Estate Planning 1 05-09-2015 02:06 PM
Beneficiary sswells IRA/Sep 1 02-12-2015 02:48 AM
IRA Beneficiary Distribution Form mlconway05 IRA/Sep 0 12-10-2010 04:47 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.