Yes, you will still just enter this Form 1099-R as a rollover distribution.
Because you received
a 1099-R, the IRS will also have received a copy of this 1099-R. You will need to report this 1099-R distribution on
your tax return but none of it will be taxable. Just make sure that when
you are reporting this information into TurboTax that for the question
"What Did You Do With The Money From (your retirement fund)?", answer
"I moved the money to another retirement account (or returned it to the
same retirement account)" (See Screenshot)
If the IRS contacts you about this Form 1099-R distribution, just send them your explanation of the circumstances and show the steps that you took once you realized the original rollover distribution did not occur as planned.
To
enter 1099- R information in TurboTax, log into your tax
return (for TurboTax Online sign-in, click Here and click on "Take me to my
return") type "1099r"
in the search bar then select "jump to 1099r". TurboTax will guide you in entering this information.
