My 1099R is showing my IRA loan outflow, but not the repayment. How can I enter the repayment so the properly repaid loan is not treated as a taxable distribution?
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My 1099R is showing my IRA loan outflow, but not the repayment. How can I enter the repayment so the properly repaid loan is not treated as a taxable distribution?
posted
Monday
last updated
March 24, 20251:33 PM
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My 1099R is showing my IRA loan outflow, but not the repayment. How can I enter the repayment so the properly repaid loan is not treated as a taxable distribution?
If you got a 1099R for it then it was not a loan but a distribution. Did you pay it back within 60 days? Then you say you moved it to another account even if you put it back into the same account. It will be a Rollover.