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Retirement tax questions
I took an RMD in January 2020 for a non-spouse inherited IRA. Subsequently, under the provisions of the CARES act, I reversed the RMD in July 2020. I have now received the 1099-R showing the distribution as being fully taxable. My understanding is that I should now show the same amount as a rollover back into the IRA, as the IRS will treat this reversal as a 60 days rollover. My problem is that TurboTax does not provide a rollover option for non-spouse inherited IRA, presumably because they are not allowed under normal circumstances. Is there a work around for this special case allowed by the CARES act?
‎January 21, 2021
4:53 PM