@bn8 wrote:
same problem as previous people except I was not able due to
sickness to reverse the RMD before 8/31/20. What I want to do, is correct the 1099R and show 2a NO taxable amount. Return the money and then file the taxes before 5/17/21 -- since the IRS and you are trying to be soo helpful thru the Covid19 crisis.
Want answer from Turbo Tax SPECIALIST !
A 1099-R for a Traditional IRA can NEVER have a box 2a anything other than the same amount as box 1. If not rolled back before 8/31/20 then the distribution is taxable.
Why think the 1099-R is not correct?
**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.**
