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Form 5498 IRA was given to me by Fidelity. I took a 60 day $55,000 withdrawal and paid back $54,000 in less than 60 days. How do I show that on my taxes?

 
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Form 5498 IRA was given to me by Fidelity. I took a 60 day $55,000 withdrawal and paid back $54,000 in less than 60 days. How do I show that on my taxes?

Wait until you get the Form 1099-R.  Enter it in Wages and Income, Retirement, then answer the questions.  You took a $55,000 distribution and rolled over (back) $54,000, so will owe taxes on the remaining $1,000, plus possibly an early withdrawal penalty.

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