DanaB
Expert Alumni

Retirement tax questions

No, you do not need to wait until then. You should have gotten a 1099-R because you took the IRA distribution, please follow these instructions on how to make it a nontaxable rollover since you repaid it within the 60 days timeframe:

  1. Click "Federal" from the left side of your screen
  2. Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)
  3. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
  4. Click "I'll Type it Myself"
  5. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
  6. Click "Continue" and enter the information from your 1099-R
  7. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account (or returned it to the same retirement account)
  8. Then choose “I converted all of this money to another IRA or other retirement account (or returned it to the same account.

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