Since RMDs were waived for 2020, no part of the distribution was actually an RMD even though it was taken with the intention of satisfying an RMD. In TurboTax, indicate that the distribution was not an RMD. Indicate that you moved the money to another retirement account (or returned it to the same account), then indicate how much of the distribution you returned to the IRA. TurboTax will include the entire gross amount on Form 1040 line 4a but exclude the amount rolled over from the amount on line 4b. TurboTax will also include the word ROLLOVER next to the line.
If you have already entered the 1099-R, you will need to delete and re-enter it, but this time, say NO to the RMD questions. If you do that, you will see the option to return the funds back to the account.
Since RMDs are not allowed to be rolled over, you will not see the roll-over questions if you indicate your distribution was an RMD.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
