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Cares Act IRA Rollover of Stock Removed as Part of RMD

Both TurboTax Desktop and TaxACT support the "explanation statement for Line 4b" delivered with your e-Filed tax return.

dmertz
Level 15

Cares Act IRA Rollover of Stock Removed as Part of RMD

Good point.  Desktop TurboTax will include a line 4b explanation in the printed tax return if one is created by clicking the Explain button on line 4b of TurboTax's 1040/1040SR Worksheet.  As far as I know TurboTax will include this in the e-filed tax return if it's present in the printed tax return.  I don't think that there is any way to create an ad hoc line 4b explanation in online TurboTax; online TurboTax only asks for a line 4b explanation statement for other specific circumstances.

Cares Act IRA Rollover of Stock Removed as Part of RMD

Very good point and I have filed for use at preparations for 2020 tax. Appreciate your assistance.

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