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Level 2
posted Apr 6, 2021 7:24:41 AM

1099-R Reinvestment of IRA Distribution

I am 65 and took distributions from my traditional IRA in June, 2020.  I have contributed most of the funds back to the same traditional  IRA account in 2021.  Do I treat this as a new contribution under deductions? or reinvestment back to the same account under the Income section?

0 2 1068
2 Replies
Expert Alumni
Apr 6, 2021 7:57:54 AM

If you replaced the funds you withdrew within 60 days it is considered a reinvestment back to the same account  (a rollover).  After 60 days it would be considered a new contribution.

Level 15
Apr 6, 2021 10:11:39 AM

Because the deposit in 2021 was more than 60 days after the distribution in June 2020, unless this was repayment of a coronavirus-related distribution or a disaster distribution reported on Form 8915-E, this would be a new contribution that must be entered under Deductions & Credits, not a rollover or repayment.