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Retirement tax questions
I took a 2020 CARES ACT IRA Loan for $100,000 in 2020. I took 1/3 or b$ 333,333 as a Deduction for my IRA on 2020 1040_SR and agreed to take it out for 3 years.
I paid off the Loan at end of 2021 and did a Rollover deposit of $100,000 back into my IRA.
Turbo TAX is ADDING $33,333 to my 2021 RMD even though I have Paid off the CARES Loan. I tried to answer NO to the Question "Did you take a CARES Distribution in 2020". Neither Yes nor No hand any effect on Turbo Tax ADDING the $33,000 to my 2021 RMD.
Turbo TAX also said it had NO FORMS to process for CARES repayments in 2021 as of 3/18/2021, even though their Add for the PREMIER Version said it was INCLUDED in 2021 Premier Version.
How do I STOP the $33,333 being ADDED to my RMD and WHEN will Premier Turbo TAX handle CARES repayments ?????