@mhuff999 wrote:
Thanks for the fast reply! Yes have tried deleting/re-entering the 1099-Rs a couple times. I have 2 IRA withdrawls, 18,500 (7,155 RMD and 11,345 covid) and 87,033 (all covid), total of 105,533. 1040 line 4a shows 105,533, but 4b shows negative 35,740. I expected 4b to show positive 35,177. I now have a negative total income (?!). If I redo without the Covid provision, it seems ok but I pay a lot of tax of course.
Thanks for your help!
If you rolled the RMD back then it is NOT a COVID related distribution, it is a simple rollover. Delete and re-enter and answer the RMD question that "none of this distribution was a RMD" or "RMD not required", then say you "moved" the money and choose that it was all rolled over (or part was - what ever the case). That will put the amount on 1040 line 4a with the word "ROLLOVER" next to it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
