Community
:
Discussions
:
Taxes
:
Retirement
:
I took $60,000 in IRA distributions in 2016 but recontributed $35,000 within 60 days. My 1099R only shows the $60k, how do I enter the $35k recontribution?
gtseitz
New Member
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
I took $60,000 in IRA distributions in 2016 but recontributed $35,000 within 60 days. My 1099R only shows the $60k, how do I enter the $35k recontribution?
So I am getting taxed and charged 10% penalty on the 60k, when it should only be on the $25k.
Topics:
TurboTax Home & Biz Windows
‎June 6, 2019
5:26 AM
