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Retirement tax questions
After you enter your 1099-R, look for the screen "Tell us if you moved the money through a rollover or conversion" - when you enter the amount, TurboTax will report the ROLLOVER on the tax return.
In general, you may repay all or part of the amount of a coronavirus-related distribution to an eligible retirement plan, provided that you complete the repayment within three years after the date that the distribution was received. If you repay a coronavirus-related distribution, the distribution will be treated as though it were repaid in a direct trustee-to-trustee transfer so that you do not owe federal income tax on the distribution.
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March 15, 2021
2:19 PM