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Level 2
June 6, 2019
Solved

I did an indirect rollover (for a short term loan to myself) & paid the funds back within 60 days. however that timespan crossed over dec. 31 2016. how do I enter?

  • June 6, 2019
  • 1 reply
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    Best answer by SweetieJean

    Assuming you did this only once in 2016, enter the 1099-R, and then mark it as a rollover.

    Keep all the paperwork, since the IRS may question this, as did me a few years. You must be able to document that you repaid within 60 days.

    1 reply

    Alumni - Champ
    June 6, 2019

    Assuming you did this only once in 2016, enter the 1099-R, and then mark it as a rollover.

    Keep all the paperwork, since the IRS may question this, as did me a few years. You must be able to document that you repaid within 60 days.

    Level 2
    June 6, 2019
    Yes, this was the only one.  Thanks so much!