Rollover done in 2020 Feb for 2019 Dec Distribution

[aiksiongkoh]

I took an IRA distribution in late Dec 2019. I rolled back some of the distribution in early Feb 2020. I was within the 60 day time limit to rollover. The 2019 1099-R shows only the distribution. How do I enter the rollover to reduce the 2019 income?

Thanks,

Aik-Siong Koh

[VolvoGirl]

After you enter the 1099R keep going.  It will ask what you did with it.  You can pick you rolled it over or put it back into the same account.

[dmertz]

Enter it the same as if the rollover was completed in December 2019.  Enter the Form 1099-R exactly as received under Wages & Income (or Personal Income) -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R) and answer the questions to indicate that you moved the money to another retirement account (or returned it to the same account) and indicate that amount that you rolled over.

[aiksiongkoh]

Thanks. It worked.