dmertz
Level 15

Retirement tax questions

"When entering your 1099-R with Code 7 in TurboTax, you can indicate in the follow-up questions that 'the entire distribution is RMD' and that it was rolled over. "

 

You can do that, but TurboTax will not treat it as nontaxable because such a distribution is not eligible for rollover.  In addition, the rollover would constitute an excess contribution subject to penalty to the extent that it exceeds the amount that the individual is eligible to contribute as a regular contribution for that year.