Where do I get to recordIRA rollover as it was not a new money but a return of money that was mistakenly taken out as RMD?

[nhsalcon]

Broker took my RMD out a second time so it was tolled back in within 30 days.  Where do I get to input this "deposit" back to the IRA?

[macuser_22 · Accepted solution]

Enter a 1099-R here:

Federal Taxes,
Wages & Income
I’ll choose what I work on (if that screen comes up),
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

In the RMD question enter the amount of the RMD, not the excess amount.

Answer the question that you moved the money to another retirement account (can be the same account). The screen will open up with choices of where it was moved.

Choose that you did a combination of things and enter the amount returned (rolled over) in the top box.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

It will show as income on the summary screen which shows gross income, not taxable income.

The income will be reported on line 4a on the 1040 form with the word “ROLLOVER” next to it if it was a rollover.

The taxable amount will go on line 4b.  In the case of a rollover, that amount will be zero.