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Retirement tax questions
Simpler:
Don't say it was RMD returned (if I do that, it could trigger something... because the amount removed was WAY bigger than any RMD ever will be π )
YES for now use the "don't call it inherited" workaround.
I learned that supposedly TurboTax will be fixed for this... but we're past their promise date.
This is easy to replicate: do it w/o calling it inherited. Then check and uncheck the inherited box on the TurboTax 1099-R worksheet... "ROLLOVER" will disappear and reappear π
The question still remains, why the CARES act isn't even mentioned. Oh well. That's what happens with one-time only special tax laws π
βApril 1, 2021
8:35 PM