I received a portion of my RMD for 2020, but stopped when the new regulations came out that you didn't need to take an RMD for 2020. I paid back approximately $6,000 of the distribution that I had received. The 1099 from my financial institution states that I received 14,000 and that 14,000 is taxable. However, since I paid back, $6,000, I believe my taxable amount should be $8,000. If I fill out Turbo Tax saying that the 14T is the distribution amount and the taxable amount, my tax refund is $372. If I change the taxable amount to 8T, the refund remains $372. However, if I claim that the distribution is 8T and the taxable amount it 8T, my refund changes to $1,313. Might this be a glitch in the program, as it only calculates the tax on the distribution, not the taxable amount? Any advice would be appreciated.
