There is a discrepancy in Turbo Tax...
I took an RMD from an inherited IRA and then rolled it back into the IRA per the Cares Act guidelines. Fidelity issued a 1099R as normal. They also issued a 5498 for the rollover. When entering the info into Turbotax, the system states “If you took your RMD and later rolled it back into your account under the Cares Act, answer ‘None of this withdrawal was a RMD’ ...” So I checked the box “None of the withdrawal was a RMD”. There is no way to enter the 5498 data and Turbotax forces me to pay tax on the distribution. The only way around this I have found is to not report the 1099R data which is wrong. Can this problem be fixed?
