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Repayment of RMD Distribution - How to file?
I withdrew my normal RMD distribution from my IRA prior to learning that RMD's had been suspended via the CARES Act. I repaid these amounts to the same IRA within the required time frame. I just received my 1099-R from the investment company and it shows the full amount of my distribution prior to the repayment. I also got a form 5498 from the same investment company showing a "Rollover Contribution" of the amount that I repaid. The question is how do I input this into the program since my "real" taxable distribution for the year should be $0.00.
Thanks in advance.
Eric
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‎January 22, 2021
10:02 AM