bill durham
Returning Member

Retirement tax questions

I do not have a 401, only IRA. I did borrow from IRA and repaid within 60 day window to return and not be taxable. How do I enter in TURBOTAX. Line 1 and line 2a  shows total amount borrowed and amount withdrawn as RMD.  The result is that i am being taxed on RMD and amount borrowed which was returned within 60 day grace.