If you took too much RMD please make sure that you select "Only part of this distribution was a RMD" on the "How much of the $XXXXX was a RMD?" screen and enter the RMD amount. Then you will get the "Tell us if you moved the money through a rollover or conversion" screen that Tax Expert DianeW777 mentions above.
Please follow these steps to enter your 1099-R and rollover of the excess amount withdrawn:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R” and enter your 1099-R
- Continue until "How much of the $XXXXX was a RMD?" screen and select "Only part of this distribution was a RMD" and enter the amount of RMD.
- Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
- Continue answering the questions.
Please keep in mind you can only rollover the amount above the RMD. You cannot rollover the RMD amount (IRS).
@Lwgoldstein
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
