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Reportiing a redeposit of part of an RMD
It withdrew more than I needed to for my 2019 RMD and was within the time frame to correct the amount by putting the extra amount back into my SEP-IRA. My 1099R shows the full amount and the redeposit transaction is described as IRA Rollover Contribution. Where and how do I report the amount so I don't ahve to pay tax on it?
I've tentatively put the amount on line 1a (less amounts rolled over) of the Form 1099R Summary but had to use "override" to do that. Is that the appopriate way to deal with what would be a reduction in the total RMD distribution?
Thanks in advance for any help.
BFB
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‎February 24, 2020
9:27 AM