1099-R - My RMD was distributed in entirety to IRA.
1099-R as received and entered in Turbo Tax reads:
Box 1 and 2a same amount.
2b was checked Taxable amount not determined.
Box 4 Federal Tax was withheld.
Box 7 Distribution code is 7 with IRA/SEP/SIMPLE box checked.
Why is the entire RMD amount showing up as income when it was put into an IRA? Am I entering something wrong? Is the 1099-R correct?
