The issue is I borrowed $45000 from my IRA in October and repaid the full amount in November 2019. The1099 R reflects $61504.19 which includes both the above amount and my RMD. Turbo states I have to pay taxes of $7400 on the total amount. Since repaid in 60 days why am I taxed on The entire $45K when it was repaid? Form 1099R..
The only amounts on this tax form are columns 1 and 2a. for $61504.19. Shouldn't I only be liable for taxes due on the RMD and not the $45K??
