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Level 3
posted Jan 21, 2025 3:45:31 PM

1099-r does not reflect redeposit within 60 days to account of part of Dec. chk. TT is there a way to process this within TT? Entering deposit as non tax doesnt work.

Schwab indicates that they will issue a 5498 fed'l form after April but that my tax person can prepare and file the form. Few yrs ago TT community had suggestions in processing 1099-R.

0 3 3651
1 Best answer
Level 15
Jan 21, 2025 3:51:08 PM

After you enter the 1099R it will ask what you did with it.  Pick you moved the money to another account even if you put it back into the same account. Then that will expand and you pick I rolled over all this money. Then it will expand to enter how much you rolled over.

3 Replies
Level 15
Jan 21, 2025 3:51:08 PM

After you enter the 1099R it will ask what you did with it.  Pick you moved the money to another account even if you put it back into the same account. Then that will expand and you pick I rolled over all this money. Then it will expand to enter how much you rolled over.

Level 15
Jan 21, 2025 3:56:14 PM

Made you a screen shot from my desktop program

 

Level 3
Jan 22, 2025 6:17:46 AM

VolvoGirl you are awesome. Not just the  but initial response but then a screen shot! WOW

I was successful with the initial guidance you gave. Thank you for being there and such a fast response too!