Retired-still-w orking
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03-11-2021
08:13 PM
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I know I'm missing something simple....I have a client who took his RMD and paid it back in full when the CARES act came into being. He had Federal and State withholding taken out, but repaid the entire gross distribution. If I enter the info on the 1099-R worksheet and mark that it is disaster related AND repaid in full, the system still taxes 1/3 of the distribution. Client received no distribution due to the repayment, so nothing should show up on line 4a or 4b of the 1040. What box am I neglecting to check? Any ideas?
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