Last year? Do you mean 2019? If so, you would be receiving a Form 1099-R in January 2020 for the withdrawal in 2019. And yes you do have to report the withdrawal using the Form 1099-R on your 2019 tax return. There will be a question asked what did you do with the money? You should indicate that you returned the money to the same account.
To enter, edit or delete a form 1099-R -
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Scroll down to Retirement Plans and Social Security
- On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button
Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R
