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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.
March 6, 2021
9:06 AM