Since the Cares Act didn't require an RMD I took my distribution plus some additional money and put it into a Roth IRA. In TurboTax for 2020 it is asking me if I took an RMD. Do I answer Yess or No. I am paying taxes on the withdrawals.
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You would answer No.
RMDs were waived for 2020 and you must indicate to TurboTax that none of the distribution was RMD. If you already enter the 1099-R as RMD and changing your answer to the RMD question doesn't work then you might have to delete and renter the 1099-R form.
Please follow these steps to enter your 1099-R:
Actually, at your step 5. when using the Online software....there is a separate selection available for:
"I converted some or all of it to a ROTH IRA"
Not sure whether the Desktop software uses the same flow or not.
One More question - I paid the taxes out of my IRA, from cash in the account, I am assuming I need to use (the whole amount as the rollover amount)that was withdrawn from the IRA. Am I correct? Taxes plus contribution to Roth?
It depends. On your 1099R, it shows tax withheld in Box 4. Two possible options:
You want to put in the accurate amount rolled over.
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