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Retirement tax questions
Solved:
Turbo Tax 2020 has this now covered. Here is what I did in case someone else has the same question.
Gross IRA distribution from 1099-R goes in Wages & Income section.
Was this withdrawal an RMD for 2020 > No
Yes – Moved the money to another retirement account (or returned it to the same retirement account).
Yes – Did a combination of rolling over, converting, or cashing the money.
Amount rolled over to another (or back to the same) retirement account – Enter redeposit amount.
When you finish your return, the net amount will appear on line 4b with notation Rollover.
January 24, 2021
5:06 PM