@mksusanh wrote:
8915E is now available (I have hard copy). I entered my 1099R for my RMD for 2020 and entered that I had returned it to the issuer. TT says that it is not taxable, but my software still shows it as taxable income on Form 1040, Line 4 and 5. Is this a programming snaufu or is it dependent on 8915E? When will it be fixed?
A return of RMD is NOT reported on the 8915-E form. Is it just an ordinary rollover that is not usually permitted for a RMD but the CARES act eliminated 2020 RMD's.
Just enter the 1099-R and answer the RMD question that "None of this distribution was a RMD" , then say you "moved" (rolled over) the entire amount. That will put it in the 1040 line 4a with the word ROLLOVER next to it.
The 8915-E form is for COVID related distributions, not rollovers of RMD's that did not need to be taken.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
