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dlech6
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How is repayment of a 2020 required minimum distribution back into an IRA under the CARES Act reported in Turbo Tax?

 
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How is repayment of a 2020 required minimum distribution back into an IRA under the CARES Act reported in Turbo Tax?

When you report your withdrawal on form 1099-R tell the program that it was NOT an RMD. You will then be prompted to report that the amount was rolled over. 

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How is repayment of a 2020 required minimum distribution back into an IRA under the CARES Act reported in Turbo Tax?

When you report your withdrawal on form 1099-R tell the program that it was NOT an RMD. You will then be prompted to report that the amount was rolled over. 

dlech6
New Member

How is repayment of a 2020 required minimum distribution back into an IRA under the CARES Act reported in Turbo Tax?

Thanks. Checking "None of this withdrawal was an RMD" and "Yes, I rolled over ..." removed my repaid IRA withdrawal from my taxable income.

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