RMD 2020

[kboyajian2]

In early 2020, I took my RMD.

I found later that year that RMDs were waived due to COVID.

Can I put that money back into my IRA and recover the taxes that were charged?

[Mike9241]

no. 

[dmertz]

The deadline to do so was August 31, 2020.

[fanfare]

if deposit was made before Aug 31, 2020

was that a repayment 5498 line 14 or a rollover 5498 line 2 ?

@dmertz 

[dmertz]

I read the instructions for Form 5498 as saying that if the redeposit was made during the 60 days following the date distribution was received it should be reported in box 2 as a rollover, otherwise in box 14a as a late rollover.

[fanfare]

That causes confusion because:

Form 8915-E says enter total amount of repayments made before filing your tax return,

not rollovers made before filing.

@dmertz