I withdrew $5k in January 2019 from my Traditional IRA. I returned the entire amount in February 2019 back into the same account . Then in May 2019 I withdrew $6k less Fed. . This money was spent.
My 1099R now reads $11K withdrawn as taxable and $1200 FT withheld. My broker calls it a rollover and claims a form #5498 may be issued.
For right now I am befuddled as to how and where to deduct the $5k repaid. It looks as if there is a penalty involved
