Then it's in the wrong kind of account. Whoever took that from the decedents account and put it into your name did it wrong. I can discuss it with you offline if you like. It's about how the account itself it setup.1099-r says traditional
Sorry about your mom.When my mother died I inherited the entire sum of her retirement. She had not yet retired. A massive $30k. Not exactly monocle money. My brother and I were actually budgeting to take care of her before she passed.
Then it's in the wrong kind of account. Whoever took that from the decedents account and put it into your name did it wrong. I can discuss it with you offline if you like. It's about how the account itself it setup.
https://ttlc.intuit.com/questions/3155079-do-i-have-to-have-a-1099-r-on-an-inherited-ira-that-was-transferred-from-my-fathers-brokerage-account-to-mine-no-distribution-taken-if-his-firm-did-not-issue-one
This is from Edward Jones (not where I work):
https://www.edwardjones.com/client-resources/tax-resources/tax-faqs/form-1099r.html
Why did I receive a 1099-R from a deceased person’s account?
As custodian, Edward Jones is required to report all distributions taken from an account due to death. As a beneficiary taking distributions from a decedent IRA, you will receive a 1099-R reporting the amount withdrawn (distribution code 4).
If you are a non-spouse beneficiary of a qualified retirement plan and elected to have your benefits roll over to an inherited IRA (after the original account owner’s death), you will receive a 1099-R reporting that amount under distribution code G4. The rollover received in the IRA will be reported on your Form 5498, which is issued in May 2018.
https://www.journalofaccountancy.com/issues/2007/feb/earlydistributionsfrominheritediras.html
irs can go fuck itself...Then it's in the wrong kind of account. Whoever took that from the decedents account and put it into your name did it wrong. I can discuss it with you offline if you like. It's about how the account itself it setup.
https://ttlc.intuit.com/questions/3155079-do-i-have-to-have-a-1099-r-on-an-inherited-ira-that-was-transferred-from-my-fathers-brokerage-account-to-mine-no-distribution-taken-if-his-firm-did-not-issue-one
This is from Edward Jones (not where I work):
https://www.edwardjones.com/client-resources/tax-resources/tax-faqs/form-1099r.html
Why did I receive a 1099-R from a deceased person’s account?
As custodian, Edward Jones is required to report all distributions taken from an account due to death. As a beneficiary taking distributions from a decedent IRA, you will receive a 1099-R reporting the amount withdrawn (distribution code 4).
If you are a non-spouse beneficiary of a qualified retirement plan and elected to have your benefits roll over to an inherited IRA (after the original account owner’s death), you will receive a 1099-R reporting that amount under distribution code G4. The rollover received in the IRA will be reported on your Form 5498, which is issued in May 2018.
https://www.journalofaccountancy.com/issues/2007/feb/earlydistributionsfrominheritediras.html
Aaand I wasn't disappointed. I have two options: either fight some major bullshit now before it reaches a point of no return, or give up and make everyone in my team suffer and reach a point of a total failure a little later. Common sense & the right thing to do vs. politics. I love my folks too much so I am making some major enemies. I must be doing something right because this BS has been escalated to one level below the CEO already (and we are a large organization).FTS is high today. I am expecting a major letdown today by some of the people I work for.
Why do you have a basement computer? Are you hiding something?My basement computer lives again!
Meh.View attachment 127799 here. you may all bow down. divide by zero. chug your stouts and ipas. i present to you the never-before-seen, the unicorn of wheels, the impeccably built boost 26er:
To qualify I still need instrument training depending on the plane I have access too. Cessna 172 is all I am capable of flying. I would like to move up to a 320. More fun then you can imagine. Sky Porsche.To become a recreational pilot.
Because the giant 4K TV lives in the basement. No visible speakers or TVs in the living room because we are civilized. I do most of my paper writing on this computer while perched on the couch.Why do you have a basement computer? Are you hiding something?
Dude its ok we understand....Because the giant 4K TV lives in the basement. No visible speakers or TVs in the living room because we are civilized. I do most of my paper writing on this computer while perched on the couch.
Mmmm. Burning hair and drop crusts...
Exactly. Same here.No visible speakers or TVs in the living room because we are civilized. .