IRA RMD reversal.
How do I show the complete/or partial, return of my RMD for 2020.
I took my 2020 RMD in January and would like to return(reverse) the distribution. Most likely I will receive a 1099R showing the full distribution. The next step on my 2020 return is to show all or some of it being returned thus a lower tax liability. Searching on internet is not clear.
- posted 1 month ago