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Retirement tax questions
more complete answer.....
Since there is no RMD required for 2020 then after you enter the 1099R say it was NOT an RMD and then that you rolled it over (even if back into the same account). It will show as income on the Turbo Tax Summary or Review so check the actual 1040. The amount should be on line 4a or 5a and say ROLLOVER by the taxable lines 4b or 5b.
You will still get credit for the withholding on 1040 line 25b.
May 17, 2021
8:47 AM