Skip to main content
TurboTax
Community
TurboTax
TurboTax
K
kboyajian2
Level 2
December 5, 2022
Question

RMD 2020

  • December 5, 2022
  • 2 replies
  • 11 views

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?

2 replies

Mike9241
Level 15
Mike9241Level 15
Level 15
December 5, 2022

no. 

Mike9241
    D
    dmertz
    Level 15
    December 6, 2022

    The deadline to do so was August 31, 2020.

      fanfare
      fanfare
      Level 15
      December 6, 2022

      if deposit was made before Aug 31, 2020

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

       

      @dmertz 

      D
      dmertz
      Level 15
      December 6, 2022

      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.

      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Explore your options
      Terms & ConditionsAccessibility statement
      Sitemap
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2026 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      About Cookies Manage cookies

      TRUSTe nResult Certified e-File C-Level Security Certification
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

      Copyright © Intuit Canada ULC, 2026. All rights reserved.

      About Cookies Manage cookies

      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

      © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

      À propos des témoins Gérer les témoins