You'll need to sign in or create an account to connect with an expert.
Taking out a loan (and partially repaying it) from your Roth IRA is not a tax reportable event. Nothing is reported on your tax return.
you can't borrow from an IRA.
You had only 60 days to return all or part of that $20,000 to the same or a different Roth IRA.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Caldwell1651
New Member
jeffs1980
New Member
ericwinters22
New Member
tbduvall
Level 4
Optimistically Cautious
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.