idrobinson
Returning Member

Retirement tax questions

After completing the entry of the 1099-R and answering Not an RMD, you should get a screen that asks if you transferred the money to Charity. If you answer No then you get asked What did you do with the Money. Select Moved the money to another retirement account and then answer Rolled over all of this money. (Assuming this is what you really did. In my case I had the taxes withheld but I returned all of the RMD to my IRA from an after tax account). The nest question is How much Money did you actually deposit. One of the answers that TurboTax gives you is: added $x (where X was the taxes withheld) to $Y (where Y was the net of the RMD) for a total of $Z (where Z was the total RMD withdrawn). The next screen then asked if I put this money  in a Health Savings Account, I answered No. The next question asked if the withdraw was due to COVID-19 or a qualified disaster distribution. I answered No. No more questions, that was it. If you do not see these questions, call TurboTax for Help.