DawnC
Employee Tax Expert

Get your taxes done using TurboTax

If you say it was not an inherited account and that it was NOT and RMD (there were no RMDs in 2020), you will get a question asking what you did with the money?   If you say you returned it, it won't show as taxable.   Delete the 1099-R and re-enter it answering NO to both questions about it being inherited and about the RMD.   If you try to edit the form you already entered, you won't get the questions.   @jpb12

 

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