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Get your taxes done using TurboTax
My problem is different. I took out $200,000 from an IRA account at TIAA. An additional $66,667 was withheld as state and federal taxes. A week later I returned $200,000 to the IRA account. The 1099-R that I received to file my 2019 taxes showed the full amount of $266,667 as a gross distribution. I have determined that the $200,000 that I rolled back into the IRA is not taxed because I have 60 days to do so. How do I show the $200,00 as a rollover in Turbotax?
March 26, 2020
1:29 PM