@TurboLover2 wrote:
I am having the same issues.
I'm using TT Deluxe desktop.
I took a partial RMD from an inherited IRA early in 2020 and then when the CARES Act allowed it to be rolled over back into the IRA without penalty (no 2020 RMD required) I rolled it back into the same brokerage IRA account the distribution came from in time to comply with the CARES Act requirements. So it should not be taxable.
No matter what I have done or how I answered the questions, I cannot find any place where it asks me what I did with the distributed funds so that I can designate it as a rollover.
Nothing appears on line 4a of the 1040, and line 4b includes the entire amount of the partial RMD originally distributed. It does not say "ROLLOVER" next to 4b probably because there was no place that asked me if it was a rollover.
The proper way to handle this would be for the full amount of the distribution to appear on 4a and zero to appear on 4b with the "ROLLOVER" notation. But I can't find any way to make that happen. Instead it insists on making this rollover taxable.
What is the issue here?
Delete the 1099-R and re-enter to reset your answers.
The only purpose of the "is this an inherited IRA" question is to prevent rolling over an inherited IRA that normally is not allowed. Say NO, it is not inherited to bypass the block.
**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.**
