Drake Tax - Inherited IRA

Article #: 14301

Last Updated: October 14, 2025

 

Tags: Drake Tax

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If the taxpayer had an inherited IRA, mark the Inherited IRA check box on screen 8606.

Image of "Inherited IRA" check box on screen 8606

See Publication 590-B for more information on inherited IRAs. You will need to track the basis outside of Drake Tax. Only one Form 8606 is produced for each taxpayer.