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Roth loan repaid, artificial inflation to AGI

Hi, 

 

I took a $30,000 distribution to a Roth and paid it back in less than 60 days in 2024. Even though I checked the boxes that say I paid it back etc. it still looks like I made $30,000 more than I did. It didn't impact my tax burden.

 

This can affect college aid, etc. Is there a way to report this such that it doesn't affect the return in a way that makes it look like I made more than I did?

 

Thanks, Sam

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1 Reply
MaryK4
Expert Alumni

Roth loan repaid, artificial inflation to AGI

If you indicated that you did a Roth IRA rollover, it will not be included in the AGI.

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