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jfabe04
Returning Member

Indirect 60-day IRA rollover

I took a distribution and then changed my mind and rolled it back in within 60 days. I cannot figure out how to get to the place where TT asks if you rolled it over. After saying "No" to if it was a Roth rollover, the program finishes. I never get to a screen where I can say I rolled it back into my IRA. Help!

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2 Replies

Indirect 60-day IRA rollover

What's the code number or letter in box 7  (or two numbers/letters) of the 1099-R?

 

If a "G" then it alredy knows it was rolled....you just had to let it know in the follow-up Questions that it wasn't to a ROTH.

 

But check your form 1040 to be sure.  If that was your only IRA withdrawal...then the total distribution amount should be in line 4a, and nothing/a zero in line 4b....unless taxes were withheld originally and you didn't roll the gross distribution back in......including the withheld taxes.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Indirect 60-day IRA rollover

and if there is no "G" in box 7...then yes, there should be a follow-up question after saying NO to the Roth question.   A page should ask something like:

 

1)  Whether you put the $$ in another retirement account

or

2) Did something else......kept it as cash.

________

And you would indicate #1 even if moved back to the same IRA account

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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