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sonofwil
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I borrowed money from a traditional IRA and paid it back within 60 days. How do I enter the information so that I don't have to pay extra tax on the amount borrowed?

 
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I borrowed money from a traditional IRA and paid it back within 60 days. How do I enter the information so that I don't have to pay extra tax on the amount borrowed?

When you enter the 1099R it will ask you what you did with the money.  Say you transferred or rolled it over to another account even if you put it back into the same account.

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I borrowed money from a traditional IRA and paid it back within 60 days. How do I enter the information so that I don't have to pay extra tax on the amount borrowed?

When you enter the 1099R it will ask you what you did with the money.  Say you transferred or rolled it over to another account even if you put it back into the same account.

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