But then, it informs me that I have to enter the info on two separate 1099s to make TurboTax treat it correctly.
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FYI - The Box 7 code is T - Roth IRA distribution, exception applies.
That makes no sense. There is no situation where a code-T Form 1099-R would need to be split in TurboTax. Splitting is only required for distributions that can be rolled over to two different types of accounts, but a code-T distribution can only be rolled over to a Roth IRA, either fully or partially.
By law, this is not really a reversal of the distribution, it's a rollover. Putting the money back into the Roth IRA does not erase the fact that there was indeed a distribution since this action is still subject to the one-rollover-per-12-months rule. Because there was a reportable distribution, any tax software needs to ask what you did with the money to determine if you did a rollover. There is no other logical way to handle this because the distribution and rollover are legally linked.
