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Level 2
June 1, 2019
Solved

I took out $500 last year from my IRA and within 60 days rolled it back into the same account. I don't see anywhere in Turbotax where I can show that i rolled it back?

  • June 1, 2019
  • 1 reply
  • 10 views
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Best answer by MinhT1

If you returned the distribution to the same account within 60 days, it is considered as a rollover and is not taxable.

In TurboTax, enter your form 1099-R and follow the interview until you reach the page What did you do with the money in IRA (see attached screenshot). Click on the appropriate radio buttons. Then click Continue.

1 reply

MinhT1Answer
Level 15
June 1, 2019

If you returned the distribution to the same account within 60 days, it is considered as a rollover and is not taxable.

In TurboTax, enter your form 1099-R and follow the interview until you reach the page What did you do with the money in IRA (see attached screenshot). Click on the appropriate radio buttons. Then click Continue.

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