If the $5,000 was rolled over by the 60th day following the date of the distribution or if the distribution occurred after January 31, 2020 and the rollover was completed by July 15, 2020, there is no need to report this as a Coronavirus-Related Distribution (CRD) on Form 8915-E, unless an ordinary rollover would cause a violation of the one-rollover-per-12-months limitation.
To report an ordinary rollover, enter the Form 1099-R as received, indicate, if asked, that none of the distribution was RMD, indicate that you moved the money to another retirement account or returned it to the same account, indicate that you did a combination of rolling over, converting and cashing out, then enter $5,000 as the amount rolled over. TurboTax will include the gross amount of $48,000 on Form 1040 line 4a, the taxable amount of $43,000 on line 4b and will include the word ROLLOVER next to the line. If TurboTax does not ask what you did with the money, delete and reenter the Form 1099-R, answering the follow-up questions as I have indicated.
If this cannot be treated as an ordinary rollover, you'll have to report it as a CRD and $5,000 repayment on Form 8915-E, but that's permitted only if you were qualified to receive a CRD.
