distrubution from pension

Forum|Forum|6 years ago
February 7, 2020
1 reply
6 views

I take a monthly distribtion for my retirement account...in March (28th) of 2019 I took extra funds out which I sent back to my account on May 7 2019. On my 1099-R it shows the total distribution...how do I show that the extra funds were returned to my account within 60 days?

DawnC

Level 15

After you are done entering all of your 1099-Rs, you will be asked some follow-up questions. It is in those questions where you will indicate the funds were rollover to a qualified plan. go ahead and complete the retirement section and you will be able to input the details of the rollover.

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dapmsp

Level 2

The disc I received a month ago did not have the retirement section, covering my pension and 401-k distribution. I need this for action this month on whether to take from the 401-k and for how much charitable giving to have this year.

Dwight Peterson

xmasbaby0

Level 15

The retirement section will need updates---and the IRS is still drafting new forms for 1099R's. When the IRS has its forms ready, then the software has to be programmed and approved by the IRS. So there is no quick fix for this for you.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**