TinaD73
Returning Member

1099R Incorrect Deferred RMD due to COVID

My parents went to take a RMD prior to hearing that the IRS was not requiring them in 2020.

They received the funds from one bank and immediately rolled them over into a CD - but at another bank.

I know I need to enter in what was on the 1099-R from the first bank (which is correct from their viewpoint) - but how do I deal with the fact that it was rolled over?  

 

If they'd only done this at the same bank....


Thanks for your help.