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posted Mar 17, 2021 11:01:33 AM

Took MRD in Mar 2020 and returned full amount to Retirement Acct (Including taxes) in April 2020 (CARES ACT). Why does it still add to my total retirement income?

Why is it still added to my total retirement income even though I returned it?

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1 Replies
Expert Alumni
Mar 17, 2021 12:22:51 PM

Since the Required Minimum Distribution is waived in 2020, when you enter your 1099-R, indicate that 'none of this distribution is RMD'.

 

Continue, and indicate that you 'rolled over' the distribution, and it will not be taxable.

 

Click this link for info on RMD Rollover in 2020.