I took $430,00 out of a Schwab IRA over the course of 2020. Before the CARES act was passed, I was notified that my RMD's from the Schwab IRA and another Vanguard IRA would be a total of $112,975.41.
My 1099-R from Schwab shows the $430,00 in box #1 and box #2A. The IRA was not inherited.
The next TurboTax question asks, "Was this withdrawal an RMD for 2020?" Yes or No? There was even a note about the CARES Act and that all RMD's had been suspended.
How do I answer?
