A 2020 1099-R shows a distribution (Code 7, X). It was all distributed as QCDs. Do I answer YES or No to the question TurboTax Premier asks of whether this was an RMD?

This question is being asked in light of the CARES Act which eliminated the need to take RMD in 2020.

988

Level 15

Mar 12, 2021 2:07:28 PM

Under these circumstances, it doesn't matter how you answer this question. The answer that you provide to this question is only used by TurboTax to determine how much is eligible for rollover and you rolled none of it over.

Technically, none of this distribution was RMD because RMDs for 2020 were waived by the CARES Act.

New Member

Mar 13, 2021 4:53:02 AM

Thanks for the quick response!

I actually tried it both ways and the result was the same, so it didn't seem to matter. I hadn't considered the rollover aspect.

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A 2020 1099-R shows a distribution (Code 7, X). It was all distributed as QCDs. Do I answer YES or No to the question TurboTax Premier asks of whether this was an RMD?