turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

droll
Returning Member

2018 I did an indirect 401k rollover that I returned in 2019

2018 I did an indirect 401k rollover that I returned in 2019

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

6 Replies

2018 I did an indirect 401k rollover that I returned in 2019

Explain more.   What are you asking?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
droll
Returning Member

2018 I did an indirect 401k rollover that I returned in 2019

11/2018 move 60K before and after tax from a 401k returned full amount back into Schwab Roth & Reg IRA in Jan 2019 Fed Tax was taken out in Nov 2018. This was done within the 60 day window. What forms need to be completed it TurboTax on 2019 filing?

dmertz
Level 15

2018 I did an indirect 401k rollover that I returned in 2019

If you received a 401(k) distribution near (but not after) the end of 2018 that you rolled over that distribution in 2019 within 60 days, you should have received a 2018 Form 1099-R that was reportable on your 2018 tax return on which you would have reported the distribution as having been rolled over.  Nothing about this would go on your 2019 tax return.

2018 I did an indirect 401k rollover that I returned in 2019

If this was reported on a single 1099-R then TurboTax does not support before-tax money going to a Traditional IRA and after-tax money going to a Roth.  It must be entered into TurboTax as two 1099-R's with the before and after tax money split.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
droll
Returning Member

2018 I did an indirect 401k rollover that I returned in 2019

would I have to amend my2018 filing  taxes if I used a single 1099r enrty?

2018 I did an indirect 401k rollover that I returned in 2019

Depends on how you entered it  and the code in box 7, what was in box 2a and what went onto the 2018 1040 line 4a and 4b.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question