How to correct a duplicate RMD. Exact amount was returned to the same IRA. Fidelity used a form 5498 to show this correction, 1099R doesn’t match.

[rhbmlb]

Computer error distributed a duplicate RMD.  Redeposited exact amount to the same IRA.  Both withdrawals are shown on Fidelity’s 1099R as taxable  and the sent me a 5498 with the amount of the redeposited duplicate RMD.  Your program doesn’t allow for this, it shows it as excess deposit

[ghost]

Have you asked Fidelity why they issued a 1099-R for an error that they corrected? Maybe they didn't handle this correction properly.

[dmertz · Accepted solution]

The Form 1099-R is correct.

Assuming that you are the owner of this IRA and this is not a beneficiary IRA, the amount redeposited constituted a rollover.  Enter the Form 1099-R exactly as received and in the follow-up indicate that you moved some or all of the money to another retirement account or back to the same account, indicate that you rolled over part of the money, then enter the amount redeposited.  The gross amount distributed will be include on form 1040 line 15a or Form 1040A line 11a but the amount rolled over will be excluded from the taxable amount shown on line 15b or 11b.  The word ROLLOVER will appear next to the line.