DanaB
Expert Alumni

Retirement tax questions

No,  you will have to enter the 1099-R as shown on the form. 

  1. Click on the Search box on the top and type “1099R”.   
  2. Click on “Jump to 1099R
  3. Answer “Yes” on the “Your 1099-R” screen, then select “Continue”. If you land on the “Your 1099-R Entries” screen instead, select “Add Another 1099-R”.
  4. Select how you want to enter your 1099-R (import or type it in yourself)

If you deposited the money back within 60 days then please answer the questions after entering the 1099-R like below to indicate a rollover:

  1. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account
  2. Then choose “did a combination of rolling over, converting, or cashing out the money” and enter the amount.

If it wasn't within 60 days please be aware that amounts contributed to a replacement IRA after that 60-day deadline are treated the same as a new IRA contribution subject to the $5,500 ($6,500 if age 50 or older) limit.

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