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I am planning on repaying a portion of or all of a $30,000 IRA distribution before the 60 day "loan period" expires. I have received a 1099-R for the full $30,000.

Forum|Forum|7 years ago
June 4, 2019
4 replies
17 views

Schwab told me they'll send me a modified document showing repayment after April 15th.

TurboTax Premier Online

Best answer by

Once the loan is repaid, you can enter the distribution reported on the 1099-R. After entering that information, proceed through the interview until you reach the screen that asks what did you do with the money. Check the first box, and more boxes will appear for you to report the repayment (see attached screenshot).

A

Anonymous

Answer

Once the loan is repaid, you can enter the distribution reported on the 1099-R. After entering that information, proceed through the interview until you reach the screen that asks what did you do with the money. Check the first box, and more boxes will appear for you to report the repayment (see attached screenshot).

scott_mackayAuthor

Level 2

Thanks, this is exactly what I needed, thanks so much!