By mistake I requested a double RMD from my IRA. It could not be reversed, but the same day the excess was rolled over back to my IRA. How do I correct the double RMD reported on 1099-R?
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To enter the information from your 1099-R in TurboTax, and indicate that you rolled over part of the distribution, please follow these steps:
- Mark the button [You] moved the money to another retirement account (or returned it to the same retirement account). [Screenshot #4]
- In the Choose which of the following applies section, select that you did a combination of rolling over, converting, or cashing out the money.
- In the next section that appears (Tell us how much…) enter the amount you returned back to the account in the box - Amount rolled over to another (or back to the same) retirement account.
To enter the information from your 1099-R in TurboTax, and indicate that you rolled over part of the distribution, please follow these steps:
- Mark the button [You] moved the money to another retirement account (or returned it to the same retirement account). [Screenshot #4]
- In the Choose which of the following applies section, select that you did a combination of rolling over, converting, or cashing out the money.
- In the next section that appears (Tell us how much…) enter the amount you returned back to the account in the box - Amount rolled over to another (or back to the same) retirement account.
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