bpbasl1
Level 2
02-06-2021
03:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Taxpayer returned RMD for 2020 in the tax year 2020 per CARES ACT but 1099r shows taxable. How to report in Proseries as non-taxable?
Best Answer Click here
Labels
Level 15
02-06-2021
03:17 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
1099R worksheet, scroll down to the Rollover section
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
bgoldsmith
Level 2
02-06-2021
04:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a similar issue with a client but the custodian automatically still issued her RMD at the end of Dec 2020, in which she immediately returned it but it wasn't till Jan 2, 2021. She also already received her 1099-R with the distribution code 7 (normal distribution)... Looking for guidance on this too. Thanks!
qbteachmt
Level 15
02-06-2021
04:51 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Your own topic has answers, here:
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
bpbasl1
Level 2
02-08-2021
08:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you!