Why is Turbotax showing I am being taxed for a RMD from my Traditional IRA when I rolled over the entire amount back into the same IRA?
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The RMD that you repaid are considered as rollovers to the same account and is not taxed.
Enter your form 1099-R normally. After entering your form 1099-R, click Continue until you reach the screen Tell us if you moved the money through a rollover or conversion. Check the radio button which corresponds to your situation then click Continue and follow the interview. Enter the amount repaid as a rollover and it will be excluded from taxation. You will still have the credit for taxes withheld.
Delete the 1099-R and re-enter.
Answer the RMD question that "None of this distribution was a RMD" or "RMD not required". The you will get the rollover question.
Sorry I do not see the screen that says "Tell us if you moved the money through a rollover or conversion. Will I find that in the IRA questions section or later?
When I look at the income summary screen it still shows that my IRA is flagged as income.
The question will come up in the Form 1099-R section where you enter the information about your distribution.
What code is in box 7 on your 1099-R?
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