To indicate that you returned your distribution to your IRA, please follow the steps below. HOWEVER, indicate that this was NOT a required minimum distribution:
TurboTax Online
- Click on Federal > Wages & Income.
- Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).
- If you've already entered one (or more) 1099-Rs, you will see a screen Your 1099-R Entries. Click the Edit link next to the 1099-R you wish to review.
- On the screen, Tell us if you moved the money through a rollover or conversion, mark the radio button, I rolled over some or all of it to an IRA... and click Continue.
- A few screens after the 1099-R input screen, you should see a screen, What Did You Do With The Money From 401k institution? Mark the radio button next to I moved the money to another retirement account (or returned it to the same retirement account).
- On the next screen, Did you rollover the gross amount of $XX (Box 1)... mark the appropriate radio button and click Continue.
TurboTax CD/Download
- Click Federal Taxes > Wages & Income > I'll choose what I work on
- Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).
- If you've already entered one (or more) 1099-Rs, you will see a screen Your 1099-R Entries. Click on the Edit link next to the 1099-R you wish to review.
- A few screens after the 1099-R input screen, you should see a screen, What Did You Do With The Money From this Payer?
- Mark the radio button next to moved the money to another retirement account (or returned it to the same retirement account.
- In the next section, mark the radio button next to the appropriate selection [moved it all or did a combination…]
- If you selected combination, a box will appear to enter the amount you rolled over or converted. Click Continue.
- Continue through the rest of the interview.
