@dsachnoff wrote:
There were RMD distributions in 2020 as I took one in January 2020, however, the IRS allowed those who took the RMD to rollover the RMD distribution into the same IRA or another IRA without penalty if you wanted to do that. In my case since the tax was already paid with the RMD distribution, I did a rollover and then took money out of my savings account in the same amount and placed it into a ROTH.
If you put the money back into a *Roth* then that is not a rollover - it is a *conversion* and is taxable income. You changed from a before-tax IRA to an after-tax Roth so you must pay the tax now. You can only roll a before tax Traditional IRA back to a Traditional IRA for it not to be taxable.
**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.**
