We withdrew $25,000 from a IRA 7/12, 8/22 $25,000 was funded back into the IRA from a Roth IRA, How do I confirm that the $25,000 is not being taxed?

[SweetieJean]

Please explain.  You cannot fund a Traditional IRA with Roth IRA money.

[andycarl]

I The Internal Revenue Service considers return of funds to the account within 60 days a tax-free rollover.

[andycarl]

I verified that Turbo is treating it as a taxable amount by deleting 25,000 from the 1099 and it changed from owing $ to getting a refund

[SweetieJean]

Oh, so the 7/12 withdrawal was from a Traditional IRA?

[andycarl]

Yes,

[andycarl]

Could  Box 7 of 1099-R show wrong code? 1099 Distribution code 7 (Normal distribution)

[SweetieJean]

I am confused. You took money out of a Trad IRA, then from a Roth IRA, and then put money back into the Trad IRA. Why didn't you just take the money from the Roth in the first place?

Were you supposed to take a Required Minimum Distribution (age 70.5+) in 2017?

[andycarl]

Timing of liquidating stocks in IRA required taking from Roth, no RMD for 2017.

[andycarl]

I re-entered the 1099 info and confirmed the refund amount up top. Solved!  Thks

[SweetieJean · Accepted solution]

After you enter the Traditonal IRA 1099-R in Wages and Income, Retirement; there are questions. One of them asks about rollovers/repayments.

The TT Income Summary will still show just the gross amount; that is only FYI. Look at the actual tax return.