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Distribution paid back within 60 days - where do I show that?
I sold securities to use for a car down payment. Because I had to wait until settlement I took 2 small distributions from 2 retirement accounts. When the trades settled, I asked for the money to be returned to each account.
1) I noticed the money went back into one account but not the other - I will call to find out why,
2) Although there are 2 1099-Rs, I don't see how I indicated that the money was paid back. They used code 7 in box 7 which is normal distribution. How do I indicate that the funds went back so I don't get taxed on the distribs?
‎April 6, 2025
9:42 PM