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Returned (per The Care Act) IRA RMD get taxed in TurboTax
Introduction: I took RMD early in 2019 from the inherited IRA, which later in the year has been returned per The Care Act to the account. I have received 1099-R distribution form and Form 5498, which confirms the return ("rollover back").
TurboTax usage: While being prompted by TurboTax on actions with the RMD, I marked "rolled over to another account" (there is no place to enter the actual 5498 values). The confirmation appeared that this amount will not be taxed. However, it is being taxed by TurboTax. It seems like SW bug.
Please, help to correct the issue within TurboTax?
Topics:
‎January 30, 2021
4:57 PM