Reporting an RMD Rollover made prior to 8/31/20.
I have a client who returned the full gross amount of their 2020 RMD prior to the 8/31/20 deadline. They received a 2020 1099R showing the RMD amount and that it was fully taxable. It was a normal distribution - Code 7. How do I report this on Lacerte? Do I report the full amount of the RMD with $0 taxable (even though the 1099R shows it as fully taxable) and use Code 7 and G for the rollover aspect on the same line?
