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April 9, 2021
Question

Hi, I took IRA distributions and returned it. The return is shown on box 2 of form 5498. The return would lower the income from my IRA to $0. How can I enter this?

  • April 9, 2021
  • 1 reply
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I don't want to pay taxes on this money since the money was returned.

1 reply

macuser_22
Employee
April 9, 2021

Was it returned within 60 days or the distribution?   Or if a RMD was it returned because the CARES act RMD exclusion?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
April 10, 2021

Return was for the cares act .  I cannot get form 5498 to enter the rollover contribution to 0 out the RMD to get my tax refunded.