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Mike4654
New Member

I took a distribution fronm my IRA last year and returned most of it before the 60 time framed required. How do I report this? My 1099-R only reflects the distribution.

 
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1 Reply
MargaretL
Expert Alumni

I took a distribution fronm my IRA last year and returned most of it before the 60 time framed required. How do I report this? My 1099-R only reflects the distribution.

Please continue through the 1099-R data entry, the program will ask you what you did with the money.  You will be able to indicate that you moved money to another account within 60 days- this will make your distribution a rollover and it will not be taxable (see pic). 

  1. Federal Taxes
  2. Wages and Income
  3. Scroll down to Retirement Plans and Social Security
  4. Select IRA, 401(k), Pension Plans (1099-R) - continue through the interview

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