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Returning Member
posted Jun 4, 2019 10:40:46 PM

I took a distribution for the first time in 2018, from my trad. IRA. 49 days later I paid 1/2 to IRA. Does it qualify as a non-taxable rollover, and how do I enter it?

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1 Best answer
New Member
Jun 4, 2019 10:40:50 PM

It appears from your question that the funds were either returned to the same IRA or moved to another Traditional IRA, and that this was done within 60 days. If that is correct, the rollover would be non-taxable.

Enter the 1099-R information exactly as it appears on the form.  If a box is blank - leave it blank - please do not enter zero.  Be sure you enter the code in box 7 and check the "IRA/SEP/SIMPLE" box only if it is checked on the form.  If box 2a says "Unknown" - leave it BLANK - the taxable amount will be calculated based on your answers to the follow-up questions.

As this was an IRA partial rollover, answer the question that "(Name) moved the money to another retirement account ..." (can be the same account). Next, select the answer, "(Name) did a combination of rolling over, converting, or cashing out the money."

In the next question, enter the amount of rollover.


4 Replies
New Member
Jun 4, 2019 10:40:50 PM

It appears from your question that the funds were either returned to the same IRA or moved to another Traditional IRA, and that this was done within 60 days. If that is correct, the rollover would be non-taxable.

Enter the 1099-R information exactly as it appears on the form.  If a box is blank - leave it blank - please do not enter zero.  Be sure you enter the code in box 7 and check the "IRA/SEP/SIMPLE" box only if it is checked on the form.  If box 2a says "Unknown" - leave it BLANK - the taxable amount will be calculated based on your answers to the follow-up questions.

As this was an IRA partial rollover, answer the question that "(Name) moved the money to another retirement account ..." (can be the same account). Next, select the answer, "(Name) did a combination of rolling over, converting, or cashing out the money."

In the next question, enter the amount of rollover.


Returning Member
Jun 4, 2019 10:40:51 PM

Thank you!

Returning Member
Jun 4, 2019 10:40:52 PM

I did just what you told me. This saved me a lot on my taxes!

New Member
Jun 4, 2019 10:40:54 PM

I am glad we could help!