fish
Level 3

taxpayer received the RMD for 2020, later returned RMD to IRA account (Schwab). The 1099R shows the distribution code as 7, normal distribution and the full amount taxable. How should this be coded within the Lacerte tax program?  Looking for the best way to handle this and assume 1099 matching will not match when I so -0- taxable income from the IRA and the 1099R shows the full amount. Thank you. 

 

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