Can you help us how to use Form 2210 to remove the tax liability after returning our RMD to the IRAs we use? Martin Waller

[wallerjudith]

We have tried to have you generate form 2210, but nothing happens. You still say we owe $9000. We should have a 5-6000 dollar refund.

[SweetieJean]

Don't do it that way.  Rather, after you enter the 1099-R in Federal > Wages and Income > Retirement, there will be questions. One of them asks if you did a repayment/rollover.

[wallerjudith]

The reply did not work. We marked the return to IRAS, but the total RMDS still showed up in the income bracket and we were taxed on that amount instead of about $50000. Turbo tax said we owed $9000 and we should get a $5-6000 refund.

Our IRAS with Schwab and Vanguard have to issue a 5498 showing we returned the money. This form goes to the IRS so they can verify we did return the money.MAW