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fnassief
New Member

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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MinhT
Expert Alumni

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?

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.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
MinhT
Expert Alumni

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?

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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