CARES Act RMD, return RMD, Vanguard 1099-R statement

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bluegill
Posts: 64
Joined: Thu Oct 04, 2018 11:15 am

CARES Act RMD, return RMD, Vanguard 1099-R statement

Post by bluegill »

Topic: CARES Act RMD, return RMD, Vanguard 1099-R statement
The CARES Act removed requirement to take RMD. CARES Act passed around April 2020.
I took RMD in January 2020 from Vanguard TIRA. I returned the RMD around July 2020 to Vanguard.
Vanguard produced a 1099-R showing I took RMD.
How will I handle income tax return ???
jebmke
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Joined: Thu Apr 05, 2007 2:44 pm
Location: Delmarva Peninsula

Re: CARES Act RMD, return RMD, Vanguard 1099-R statement

Post by jebmke »

Process it as a rollover. Have been several threads on this.
When you discover that you are riding a dead horse, the best strategy is to dismount.
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