I can't believe this still isn't fixed to work correctly for 2020. I just wasted two hours on the forum and in TT, deleting and re-entering my 1099-R multiple times. No matter what I do, I cannot get the amount I put back into the IRA to not be taxes by TT.
I have an IRA I inherited in 2011 from my mother, and I take the RMD every year in January. This year as a result of the cares act, the RMD was waived and we are allowed to return the funds to the IRA by August 31st, which I did. I'm using the desktop version of TT and have the most recent updates installed, and this is still not being handled correctly. I tried a number of work-arounds listed in the forum, but ultimately the only way I got this to NOT be taxed was to indicate it was NOT inherited and then I could get the option to do the rollover.
And even more frustrating is all of the TT "Experts" posting over and over that you can't roll over and RMD from an inherited IRA because they aren't reading and understanding people's actual questions/situations. I wonder how many folks are going to end up paying taxes on this that they don't owe.
Incredibly disappointing.
