@pjbgolf wrote:
what you are saying is correct regarding the steps TT goes through howver when I did this the "paid back RMD" still showed as taxable on the 1040 line 4b. The only way I was able to fix it was to said the original distribution was not part of the RMD. Dors anyone know if the FI's will be issuing another 1099-r reflecting an IRA rollover for the payback?
Correct - you MUST say that the distribution was NOT a RMD. It could not have been since there were NO 2020 RMD's at all. You must check the box that says "none of this distribution was a RMD".
**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.**
