Covid did not figure in any of this.
As 2020 began, I started taking monthly amounts from my IRA as RMD's. In March, the IRS suspended RMD's, and since I didn't need the money, I stopped taking any more RMD. In total, gross distributions were $15,600. (Box 7 Distribution Code is 7.)
In addition, the IRS ruled that all or any part of RMD taken may be rolled over to another or the same IRA. The 60 day rule is waived, but had to be done by Aug 31, 2020.
I rolled over $8,000 by putting it back into the same IRA on June 30.
See IR-2020-127, June 23, 2020.
When I filled out the 1099 R page for this, I put in the rollover amount of $8,000. The $8,000 shows at the bottom of the page on line B2.
However, on the 1040, there is no mention of the $8,000 rollover, which should reduce the $15,600 income to $7,600. ($15,600 - $8,000 = $7,600.)
That would lower my taxable income by $8,000.
I have gone over the 1099 input pages several times, and it does not help.
Can you help?
