I did an IRA rollover with the withdrawal in 2017 and the repayment in 2018. Do I need to include any information with 2018 tax return?

[macuser_22 · Accepted solution]

You should have a 2017 1099-R on your 2017 tax return, not 2018.  Hopefully it was rolled within 60n days of the distribution or it will be a failed rollover.

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

If this was a rollover or conversion, answer the question that you moved the money to another retirement account (can be the same account). The screen will open up with choices of where it was moved.



[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

It will show as income on the summary screen which shows gross income, not taxable income.

The income will be reported on line 4a on the 1040 form with the word “ROLLOVER” next to it if it was a rollover.

The taxable amount will go on line 4b.  In the case of a rollover, that amount will be zero.

[dmertz]

If the distribution was in 2017, it would have been reported on a 2017 Form 1099-R reportable on the 2017 tax return and nothing about the rollover would be reported on the 2018 tax return.  (Presumably the distribution occurred in November or December of 2017 if the 60-day rollover deadline was in 2018.)

[macuser_22]

Thanks, I meant to say 2017 1099-R - typed 2018 in error.  And nothing would go on a 2018 return, it would be reported on your 2017 return.  I clarified the answer.