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bs15
Returning Member

Traditional IRA : my 1099 correctly shows the amt of money withdrawn in 2020..since no RMD was active in 2020, I returned money to my IRA and it appeared on my form 5498 as a contribution to the IRA .How to I complete the inputs for income

 
3 Replies
macuser_22
Level 15

Traditional IRA : my 1099 correctly shows the amt of money withdrawn in 2020..since no RMD was active in 2020, I returned money to my IRA and it appeared on my form 5498 as a contribution to the IRA .How to I complete the inputs for income

If yiu already entered the 1099-R - delete it.

Answer the RMD question that "None of this distribution was a RMD."   Then say it was rolled over.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
bs15
Returning Member

Traditional IRA : my 1099 correctly shows the amt of money withdrawn in 2020..since no RMD was active in 2020, I returned money to my IRA and it appeared on my form 5498 as a contribution to the IRA .How to I complete the inputs for income

I appreciate the response,  but the answer didn't help my particular problem.......

macuser_22
Level 15

Traditional IRA : my 1099 correctly shows the amt of money withdrawn in 2020..since no RMD was active in 2020, I returned money to my IRA and it appeared on my form 5498 as a contribution to the IRA .How to I complete the inputs for income


@bs15 wrote:

I appreciate the response,  but the answer didn't help my particular problem.......



Describe your exact problem.

 

 

A 5498 is for information  only and does not go on a tax return.

 

Enter a 1099-R here:

Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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