- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
CARES ACT RMD returned, but IRA basis reduced
I returned the RMD to my IRA, receiving a 1099-R and 5489 showing the distribution and rollover. TurboTax correctly shows that the distribution is not taxable. But TurboTax reduces my basis by that amount. Weird. Please help.
Topics:
‎January 31, 2021
9:17 AM