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stubrock
New Member

The 1099-r from my custodian shows the gross distribution from my IRA. how do I show that part of my ira distribution was re-deposited a couple days later?

 
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1 Reply
DanaB
Expert Alumni

The 1099-r from my custodian shows the gross distribution from my IRA. how do I show that part of my ira distribution was re-deposited a couple days later?

You can indicate that part of the money was rolled over when entering your 1099-R:

  1. Click "Personal Income" on the top
  2. Click "I'll choose what to work on"
  3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)
  4. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
  5. Click "I'll Type it Myself"
  6. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
  7. Click "Continue" and enter the information from your 1099-R
  8. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account (or returned it into the same account)
  9. Then choose “I did a combination of rolling over, converting or cashing out the money.”
  10. Enter the amount in the field next to “Amount rolled over to another (or back to the same) retirement account

 Please be aware that it will show as income on the summary screen which shows gross income, not taxable income. To verify that the entry is correct please look at form 1040 line 4b (taxable amount), only the amount that was not rolled over will show here. 

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