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Inherited IRA on 8915-E

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    #1

    Inherited IRA on 8915-E

    Client pulled out of her mothers inherited IRA for Covid. Not planning on repaying it. The 1099-R is coded 4. She had 2 IRA - one was the RMD IRA but this other is like Money market IRA. I'm sure their is a name for the different IRA but drawing a blank. Can we spread the $30,000 IRA over the 3 years on the 8915-e
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    #2
    Yes. Don't have the cite handy, but inherited IRAs were specifically included in the disaster distribution treatment. I know because my software had a bug related to this.
    "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
    "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard    ​

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