A $40k IRA distribution was mistakenly taken out twice. When discovered within the 60 allowable time period, one of the two was transferred back into the IRA. Both distributions show up on the Form 1099-R in the taxable gross distribution box. Fidelity said the form 5498 they will send out in May will show the redeposit into the IRA, but how do I handle this on my 2025 TT return since I don't have any evidence at this time other than the quarterly investment statement?
You'll need to sign in or create an account to connect with an expert.
This is a partial rollover and it is entered in TurboTax Online like this:
Thanks. I have TT Premier and you referenced TT on-line, so I hope it is still the correct steps to take. Not sure what a radio button is either, but hopefully I'll find it. Thanks for taking the time to respond.
A radio button is just a circle to check on. Have you already entered the 1099R? I have the Desktop program too. It should be the same as the Online version. Enter the 1099R (or edit it) and go though the screens.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
s.quirk
New Member
cjmeyer120217
New Member
mkmohoke
New Member
dhanowitz
New Member
postalidol1228
New Member