I was paid $1200 less withholdings in error from my IRA. That money was returned to my IRA and is being reported on Form 5498 as a "rollover contribution" making it non-deductible yet the original $1200 is included on my 1099-R as part of the overall taxable amount.
Sine this was paid out in error and returned to the original account, it doesn't seem like I should pay taxes on it now and again in the future when I take truly take it out. How do I record this in Turbo Tax correctly?
