@JLP1976 wrote:
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?
When you enter the 1099-R and after the "Tall us when this person was born" screen, it will ask if it was a RMD. Check the box that says "No - none of this was a RMD" and the rollover screen should come up.
For 2020 there were NO RMD's at all so it was not an RMD and can be rolled over.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
