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New Member
posted Feb 21, 2021 4:16:00 AM

Since I paid back my RMD on my inherited IRA from CARES act and answered the question "none" as instructed under the 1099R section why is still shown as a taxable income?

1040 line 4b shows amount of 1099R but it was paid back April 2020

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1 Replies
Level 15
Feb 21, 2021 4:45:43 AM

To be able to tell TurboTax that this was rolled over, you'll need to tell TurboTax, when asked, that this was not an inherited IRA.  (Code-4 distributions are not normally eligible for rollover, so TurboTax doesn't normally allow you to indicate that you rolled them over.)