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merme51
New Member

I withdraw money from my IRA. I returned some of it within the allowed 60 days. My 1099-R is now overstated. How do I enter the correct net amount?

 
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1 Reply
AnnetteB6
Employee Tax Expert

I withdraw money from my IRA. I returned some of it within the allowed 60 days. My 1099-R is now overstated. How do I enter the correct net amount?

Enter the Form 1099-R as it was received.  One of the follow-up questions will ask what you did with the money.  One option will be that you returned it to the same account.  This will allow you to make the adjustment.

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