Reportiing a redeposit of part of an RMD

[dmertz]

keithsharp is referring the box B1 on TurboTax's 1099-R form in forms mode, the box used to indicate that the entire distribution was rolled over.  The problem is that in addition to marking box B1, in the RMD section of this form you must unmark the "Entire gross is RMD" box and delete any value in the RMD-amount box.  Still, even this might not work and isn't an option for online users, so the proper fix is to delete the 1099-R form, reenter it and indicate that none of the distribution is RMD.

[xocy]

I do not see a place to enter the rollover amount. Is this a manual entry? Please advise.

[xocy]

OK, but then what?

[macuser_22]

Delete the 1099-R you entered and re-enter.

Answer the RMD question that "None of this distribution was a RMD" or "RMD not required" depending on the TurboTax version - because it was NOT a RMD, there were no 2020 RMD's.

If this is an inherited IRA then answer the "Is this IRA inherited" with NO. The purpose of that question is to PREVENT rolling an inherited IRA over, but is allowed for 2020 only.

Then you will get the screen to say it was "moved" and all rolled over.

Also check the box that this was NOT a COVID related distributions - it was a RMD that was returned.

That will put the 1099-R box 1 amount on the 1040 form line 4a with the word ROLLOVER next to it.

Enter a 1099-R here:

Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]