Hi,
In Jan 2020, I took a RMD from an inherited IRA in the amount of $700. Under the terms of the CARES Act, which waived RMDs and allowed them to be redeposited, I return the funds to my IRA on 8/31/2020.
Today, I received a 1099-R for the IRA distribution, which listed the full amount as taxable (with the "Taxable amount not determined" checked). I entered it into TurboTax and indicated that the full amount was rolled over into a retirement account. However, TurboTax is still listing this as taxable income. Even if I change the taxable amount (box 2a) to $0, it still shows $700 of taxable income.
How do I get TurboTax to correctly classify this as non-taxable?
