I took $5,000 in RMDs in 2020 and then decided to put back $2,000 into the same IRA account. The Form 1099 shows the gross amount (the $5,000) taken out; not the net amount of $3,000. When I import the Form 1099 it shows the full $5,000 as taxable. I spoke with the back office of Merrill Lynch and they said this is the way they have to report it. Does anyone know how to record the rollback (the $2,000) in Turbo Tax so that Turbo Tax will then reduce the taxable amount?
