Receipt of 1099-R for 2020 RMD that was repaid
I took an RMD in January of 2020 and returned the same amount to my IRA per the Covid legislation that was passed. I have received a 1099-R for that distribution. How is that handled on the 2020 tax return?
Permalink Submitted by David Mertz on Wed, 2021-01-13 21:58
Since RMDs for 2020 were waived, this is not an RMD even though that was the original intent for taking the distribution. The entire amount will appear on Form 1040 line 4a but none of it will be included on line 4b. The word ROLLOVER will appear next to this line.