I returned part of my 2020 RMD but my 1099R reported the full RMD, not the net taxable. TT is reporting that full RMD on FORM 1040 even after I indicate the taxable.amount below it. How do I fix this?
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Delete the form and start again. Now when you report the distribution say it is not a RMD. Then you will be prompted to enter the amount you returned.
You will need to indicate that you returned the amount later in the interview section. Enter the 1099-R exactly as it appears, do not change anything. Eventually, you will encounter the screen below.
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