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New Member
posted Feb 27, 2021 9:21:40 AM

I took some ira distribution early in the year 2020 and I put it back into the ira account to take advantage of cares act. how should I report for income tax?

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1 Replies
Level 15
Feb 27, 2021 9:47:31 AM

Report the withdrawal as it appears on your 1099-R    When asked if it is a RMD say NO. Then you can enter the amount you returned.