Retirement tax questions


@matruji wrote:

I saw the answer and it makes sense but how do I input this into TurboTax because if I try to show as traditional IRA it says I don’t qualify.


If you are repaying a loan offset distribution by rolling it over into an IRA, don't report it as a new IRA contribution.  Instead, report it as a rollover.  When you enter the 1099-R for the offset distribution, there should be a question like "What did you do with the money?" and one of the choices should be "I rolled over all or part of it into a qualifying plan."  Make sure you run all the steps of the interview, don't just enter the distribution from the 1099-R and then skip to the next thing.