Parttial return of 2020 RMD

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?

300

Level 15

Mar 14, 2021 9:21:14 AM

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.

Expert Alumni

Mar 14, 2021 9:23:31 AM

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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Parttial return of 2020 RMD