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Rollover of RMD
I received about 40,000 as an RMD from a 401K in January 2020. When the rules changed, I rolled over 32,000 into a new IRA because the money couldn't be returned to the 401K (and I knew I would have to show the 8,000 as an RMD). I paid taxes of about 10K to the IRS (plus what I payed my state). The 1099r shows the full amount of the distribution. How do I report this - do I use the 8,000 amount as the RMD? I can't get a revised 1099R because the two entities are different.
‎February 19, 2021
8:26 AM