Any idea along this same line how to show the repayment of a client's RMD due to the provisions of the CARES Act? 1099R shows total distributed, not the amount repaid. Where do I enter that on Lacerte's screen 13?

qbteachmt

Level 15

"1099R shows total distributed, not the amount repaid."

Because the 1099-R is for money Out, and that is how much went Out; it's not their responsibility to Net it. What the taxpayer did with it is a different issue. There should be a 5498 to confirm they "put it back" which is a Rollover. It's just a Rollover. The Rollover treatment has been changed to allow for up to three years, as long as you are designating this is a qualified covid distribution.

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