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Retirement tax questions
If this was an RMD that was rolled over you must say that it was NOT an RMD to get the questions because there was not 2020 RMD so it was not an RMD, Also, inherited IRA's are not eligible for rollover except for 2020, so if inherited, answer that it was NOT inherited. If you already said that it was an RMD, you will need to delete the 1099-R and re-enter it - but this time, say it was not an RMD. Then it should correctly show the rollover, with no taxable income and a credit for the taxes already paid.
You don't need to enter information from your Form 5498. Keep Form 5498 with your records for future reference when you need to determine the end-of-year value of your investment basis in non-deductible or Roth IRAs. @rstupp
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