DaveF1006
Expert Alumni

Retirement tax questions

The way i would report this by following the menu path listed below:

  1. Go to federal
  2. Income and Expenses
  3. Less common income
  4. Miscellaneous Income, 1099-A, 1099-C
  5. Scroll to the bottom to other reportable income
  6. Scroll through until you reach a screen thqat has a description filed and amount. For description, you may enter something like RMD mistakenly withdrawn but paid back. Then enter the amount as -2500. Make sure there is a negative sign there as this will reduce this from taxable income for the year.   
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