rstupp
Returning Member

Retirement tax questions

Under the CARES ACT, I returned 100% the RMD back to my IRA, even though 10% was deducted for Federal taxes. Turbo Tax is showing the Tax amount as Income as well as withholding tax. Since I paid it all back, there should be -0- Income. It's as though, I never made any RMD but prepaid an amount for taxes. There should not be any income. Also, do I need to wait for the Form 5498 before I can file my taxes?