Retirement tax questions

Ok, I tried the method in this post.  Did not work.

 

Checked to make sure my version of TurboTax was updated, it is.

 

I entered the 1099R manually instead of importing it.  Put the amounts in as listed on the form from my broker, box 1 and box 2a amounts were the same as the full amount of the RMD.  Checked box 2a as "taxable amounts not determined".  Box 7 code was 4 (Death), checked the "IRA/SEP/SIMPLE" box, no other entries from the form.

 

The tax due amount increased significantly.

 

Next screen I said the IRA was inherited, told TT that it was from someone else (my dad), and the year they passed away (2017).

 

Next screen told TT that Dad did not have any non-deductible IRA contribution

 

Next screen told TT that dad was born before 7/1/48

 

Next screen asks the question "Was this withdrawal an RMD?".  The instructions say "If you took your RMD and later rolled it back into your account under the CARES Act, answer "NO" here."  So I answered "No".

 

Next screen asks if the distribution was "due to COVID or a Qualified Distaster Distribution."  I answered "NO"

 

Next Screen showed I had entered the 1099R and asked if I wanted to add another one, I clicked continue.

 

Next screen asks "Did you take any Distaster Distributions in prior years or repay any prior year Disaster Distributions in 2020".  I answered "NO".

 

Next screen asks "Tell us more about this Retirement Plan distribution".  I answered "I was not required to take an RMD for 2020".

 

The increased tax due amount did not change.

 

The RMD was fully repaid in 2020 on July 2.

 

My brokerage says they will not send out Form 5498 until May showing the repayment.  

 

How do I get TurboTax to refigure my taxes due based on the repayment?

 

I do not want to pay the IRS a large overpayment and then try to claw it back later, thanks.