In 2022 I borrowed $20K from my IRA, and repaid within 60 days. I entered the info into Turbotax. Where does this show up on my return?

Thanks for your help!

posted

Connect with an expert

2 Replies

In 2022 I borrowed $20K from my IRA, and repaid within 60 days. I entered the info into Turbotax. Where does this show up on my return?

On your 2022 return? It should be on 1040 line 4a and 0 taxable on 4b with the word Rollover by 4b. Dud you enter the 1099R for it?

In 2022 I borrowed $20K from my IRA, and repaid within 60 days. I entered the info into Turbotax. Where does this show up on my return?

Thanks, VolvoGirl - there it is! Appreciate your help.

Still have questions?