Need to add RMD and then deduct. Answered form incorrectly and won't amend. Also tax withheld. Any solutions?

[DanaB27]

Please be aware that Form 1040X  to amend your return is not ready yet. Also, it is best to wait until your original return has processed before your file Form 1040X to avoid any delays. You can e-file your 2020 amended federal tax return, but most states require amendments to be printed and filed by mail. Please see FAQ How to amend a tax return for instructions and to get notified when Form 1040X is ready.

If you took a RMD but returned it then please follow these steps when you amend your return:

1. Login to your TurboTax Account 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R” and enter your 1099-R
4. Continue until "How much was a RMD?" and select "none"
5. Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
6. Continue answering the questions.

RMDs were waived for 2020. You must indicate to TurboTax that none of the distribution was RMD. If you already enter the 1099-R as RMD and changing your answer to the RMD question doesn't work then you have to delete and renter the 1099-R form. 

[hln500]

Not filing an amended return. 1040x not appropriate since haven't filed TurboTax won't allow me to input the correct RMD.

[DanaB27]

If you haven't filed your return but cannot get into the return because you printed it then use theses steps to open the return back up:

1. In TurboTax Online, sign in to your account.
2. Select Tax Home in the left menu.
3. Scroll down to Your tax returns & documents.
4. Select 2020, and then select Add a State (you're not actually adding a state, this just gets you into the right area).
5. Click on the Search box on the top and type “1099-R”
6. Click on “Jump to 1099-R” and enter your 1099-R
7. Continue until "How much was a RMD?" and select "none"

RMDs were waived for 2020.  You must indicate to TurboTax that none of the distribution was RMD. If you already enter the 1099-R as RMD and changing your answer to the RMD question doesn't work then you have to delete and renter the 1099-R form. 

Your federal taxes withheld in box 4 will get carried to line 25b on Form 1040 for a credit against any taxes due. Any state taxes withheld will be carried to your state return.