561916
You'll need to sign in or create an account to connect with an expert.
You should have received a 1099-R for the $2000.00. When you enter that into TurboTax, the questions that follow will ask what you did with the money, and you can report that you rolled it over.
If a distribution from an IRA or a retirement plan is paid directly to you, you can deposit all or a portion of it in an IRA or a retirement plan within 60 days. Taxes will be withheld from a distribution from a retirement plan (see below), so you’ll have to use other funds to roll over the full amount of the distribution.
You generally cannot make more than one rollover from the same IRA within a 1-year period. You also cannot make a rollover during this 1-year period from the IRA to which the distribution was rolled over.
https://ttlc.intuit.com/replies/5397746
You should have received a 1099-R for the $2000.00. When you enter that into TurboTax, the questions that follow will ask what you did with the money, and you can report that you rolled it over.
If a distribution from an IRA or a retirement plan is paid directly to you, you can deposit all or a portion of it in an IRA or a retirement plan within 60 days. Taxes will be withheld from a distribution from a retirement plan (see below), so you’ll have to use other funds to roll over the full amount of the distribution.
You generally cannot make more than one rollover from the same IRA within a 1-year period. You also cannot make a rollover during this 1-year period from the IRA to which the distribution was rolled over.
https://ttlc.intuit.com/replies/5397746
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.
srtadi
Returning Member
Bill_the_Scrooge
Level 1
marykwoo
New Member
christoft
Returning Member
neutron450
New Member