RMD returned per CARES ACT

Forum|Forum|5 years ago
February 6, 2021
4 replies
23 views

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?

ProSeries Professional

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Best answer by Just-Lisa-Now-

1099R worksheet, scroll down to the Rollover section

Just-Lisa-Now-

Answer

Intuit Community Champion

1099R worksheet, scroll down to the Rollover section

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B

bpbasl1Author

Level 2

Thank you!

B

bgoldsmith

Level 3

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!