I'm retired and have no W-2 income.
I took a distribution from my traditional IRA on 5/1/23. On 5/25/23 I returned about 70% to the IRA. The 1099-R I received only showed the distribution not the net. I've been told I have to do a rollover to reduce the net income received from the IRA. How do I enter this in TurboTax.
If I try to enter the replenishment I'm told I can't because I have no earned income.
You'll need to sign in or create an account to connect with an expert.
After you enter the 1099R it will ask what you did with it. Say you moved or rolled it over to another account even if back to the same account. Then it will open and ask how much. If you are the age to take RMD from it you can't put back the RMD amount.
After you enter the 1099R it will ask what you did with it. Say you moved or rolled it over to another account even if back to the same account. Then it will open and ask how much. If you are the age to take RMD from it you can't put back the RMD amount.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17692770492
Level 2
EcstaticKey
New Member
ADDIEDCA
New Member
here-now
New Member
user17701604056
New Member