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posted Jun 1, 2019 12:27:41 AM

I took out $500 last year from my IRA and within 60 days rolled it back into the same account. I don't see anywhere in Turbotax where I can show that i rolled it back?

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1 Best answer
Expert Alumni
Jun 1, 2019 12:27:44 AM

If you returned the distribution to the same account within 60 days, it is considered as a rollover and is not taxable.

In TurboTax, enter your form 1099-R and follow the interview until you reach the page What did you do with the money in IRA (see attached screenshot). Click on the appropriate radio buttons. Then click Continue.

1 Replies
Expert Alumni
Jun 1, 2019 12:27:44 AM

If you returned the distribution to the same account within 60 days, it is considered as a rollover and is not taxable.

In TurboTax, enter your form 1099-R and follow the interview until you reach the page What did you do with the money in IRA (see attached screenshot). Click on the appropriate radio buttons. Then click Continue.