dmertz
Level 15

Retirement tax questions

Because RMDs were waived for 2020, this distribution was not an RMD even if that was the original intent.  Enter the 1099-R from TurboTax.  In the follow-up questions, indicate that none of the distribution was RMD, indicate that you moved the money to another retirement account or returned it to the same account, then indicate the amount rolled over.  TurboTax will exclude the amount rolled over from the taxable amount on Form 1040 line 4b and will include the word ROLLOVER next to the line.

 

If you previously entered the Form 1099-R and indicated that any part of the distribution was RMD, delete the 1099-R form from TurboTax and reenter it as described above.