topic A 2020 1099-R shows a distribution (Code 7, X). It was all distributed as QCDs. Do I answer YES or No to the question TurboTax Premier asks of whether this was an RMD? in Retirement tax questions

A 2020 1099-R shows a distribution (Code 7, X). It was all distributed as QCDs. Do I answer YES or No to the question TurboTax Premier asks of whether this was an RMD?

dick_ann — Fri, 12 Mar 2021 20:45:19 GMT

This question is being asked in light of the CARES Act which eliminated the need to take RMD in 2020.

Re: A 2020 1099-R shows a distribution (Code 7, X). It was all distributed as QCDs. Do I answer YES or No to the question TurboTax Premier asks of whether this was an RMD?

dmertz — Fri, 12 Mar 2021 22:07:28 GMT

Under these circumstances, it doesn't matter how you answer this question. The answer that you provide to this question is only used by TurboTax to determine how much is eligible for rollover and you rolled none of it over.

Technically, none of this distribution was RMD because RMDs for 2020 were waived by the CARES Act.

Re: A 2020 1099-R shows a distribution (Code 7, X). It was all distributed as QCDs. Do I answer YES or No to the question TurboTax Premier asks of whether this was an RMD?

dick_ann — Sat, 13 Mar 2021 12:53:02 GMT

Thanks for the quick response!

I actually tried it both ways and the result was the same, so it didn't seem to matter. I hadn't considered the rollover aspect.