RMD ROLLOVER

[kwieder]

I received automated RMD distribution for 2020 in December but then decided to Roll it Over back into the IRA as I wanted to take advantage of the waiver not to take the RMD.  This was completed within the 60 day period  but unfortunately completed in January of 2021.  IRA custodian (TIAA) does not have form covering Rollover that starts in one year and completes in the next!

IRS advises to explain in an 'attachment' to my Turbo Home&Biz return which they assured me must exist in the software.  But where do I find this?  Thanks!

[macuser_22]

As long as it was done within 60 days of the distribution, it makes no difference if it spanned years - it is reported the same.

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.