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Retirement tax questions
No, you will have to enter the 1099-R as shown on the form.
- Click on the Search box on the top and type “1099R”.
- Click on “Jump to 1099R”
- 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”.
- 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:
- Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
- 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.
June 4, 2019
1:34 PM