withdrew entire RMD and rolled over entire amount (CARES ACT) is 8606 required??

Home Fairmark Forum Retirement Savings and Benefits withdrew entire RMD and rolled over entire amount (CARES ACT) is 8606 required??

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  • #16380
    idreos
    Participant

    Took whole RMD for 2020 and later found out about the CARES Act provision that RMD for 2020 was not required. Two months later I redeposited entire amount withdrawn.

    Do I have to file IRS form 8606 with my 2020 tax return??

    #16447
    Alan S.
    Participant

    You do not have to file Form 8606 for this transaction, which is reported entirely on lines 4a and 4b of Form 1040. Your IRA basis is not changing.

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