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Took 401K) Distribution for Home Purchase, then replaced it 60 days later with $10K Less
In 2017, I withdrew $150K from my 401(K) to close the purchase of a home. About 50 days later, I replaced all but $10K with a rollover back to the same account. For some reason, I thought Turbo Tax would account for this, but not so, and now I must amend my return to reflect that $10K of income unreported. The IRS recognizes both the distribution and the rollover, so its a matter of inserting a number in the right place. Where is that?
‎October 10, 2019
11:53 AM