weg
New Member

IRA withdrawal and repayment

I am 72 and retired.  I withdrew $45K from my IRA to buy a home.  This same amount was repaid back to the IRA within 60 days.  Somehow reporting on Turbo tax reflects both the minimal required amount and withdrawal amount resulting in my owing Taxes?  How do I offset the repayment so I am not taxed on $45000.00 since it was repaid in 60 days?