qbteachmt
Level 15
02-15-2021
12:53 PM
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"but the problem is that the fed w/h is still showing as withholding in the payments. The RMD was rolled over or actually redeposited and that is calculating correctly,"
Is that the reality? Was there Withholding? If so, they did not get it back. If you get a Distribution and there is withholding, you have this math:
Gross Distribution minus withholding = net to you
To rollover this taxable distribution, you have to Make Up that missing money, to put back the same Gross that was removed. Meanwhile, the Feds still have the withholding payment. And if you don't deposit the Gross, then the difference is your Taxable Distribution.
So, what is the reality for what you are working on?
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Don't yell at us; we're volunteers