CARES ACT RMD Rollover-Recording Form 1099R

[bekatz]

I received my RMD on my IRA & under the CARES Act I rolled it over, returning the funds (including tax withholdings) back to my IRA.  I completed the Turbotax input showing the full amount taxable as shown on 1099R Box 2a, then marked a later section that there was a full rollover back to the IRA & Turbotax states the amount is not taxable. However, the amount isn't reducing the taxable amount to zero.  How should this be handled on the input?  Do I simply input the Box 2a taxable amount as zero for is there some other mechanism for doing this?

Thank you.

[Bsch4477]

Report the taxable amount in 2a as it is on your 1099-R. Tell the program that the distribution was NOT a RMD.  Tell it that all was returned or rolling over.  Say that you were not required to have a RMD in 2020. The amount on 2a should be unchanged but if you look at your 1040 line 4b should be zero. 

[bekatz]

Hi CHAMP:

Thanks so much for your quick & accurate response; it worked perfectly & made complete sense!!  I knew I was doing something incorrectly but couldn't put my finger on it.