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Do I need to file 1099-R if I had deposited back the withdraw in 3 months?

 
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2 Replies

Do I need to file 1099-R if I had deposited back the withdraw in 3 months?

Yes.  And you only had 60 days to return it or roll it to a new account.  So it may be considered a distribution and taxable.

 

The easiest way to get to the 1099-R entry screen is to simply search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.

 

Enter a 1099R under

Federal Taxes on the left side

Wages & Income at the top

 

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

 

If you are filing a Joint return be sure to pick which person it is for.

Do I need to file 1099-R if I had deposited back the withdraw in 3 months?

VolvoGirl is right that your distribution may be taxable.

 

However, even if it is not, you need to enter the 1099-R into TurboTax because the IRS was sent a copy of the 1099-R, and if this does not show up on your return, the IRS will be puzzled  (and probably send you a letter about their puzzlement).

 

Enter the 1099-R into TurboTax and answer the questions as VolvoGirl indicated.

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