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How do I not get taxed on the 2020 RMD I took, and later rolled back to the same IRA?

I rolled this back over to the same IRA before the August 31, 2020 deadline. This rollover contribution is shown on my Form 5498. Will the TurboTax see this, and then deduct rollover from my taxable i
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1 Reply
MinhT1
Expert Alumni

How do I not get taxed on the 2020 RMD I took, and later rolled back to the same IRA?

The repayment of your RMD is part of the Coronavirus-related relief measures for retirement distributions.

 

The Coronavirus-related relief measures for retirement plan distributions have to be reported on form 8915-E which has not yet been finalized by the IRS. No date has been given by the IRS for the finalization of this document.

 

TurboTax will update this section after the IRS releases the final version of form 8915-E and its instructions. Please revisit this section at a later date.

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