Withdrew 10K from IRA acc., into checking, replaced 10K back into IRA within 60 days, form 5498 shows it as Rollover contributions, increased gross dist. on 1099R, why?

[lmjers]

My gross distribution shows a 10K increase.  What need to do showing rollover done within 60 grace period?

[DanaB27]

Please follow these steps to report your rollover within 60 days:

1. Click on "Search" on the top right and type “1099-R”
2. Click on “Jump to 1099-R” and enter your 1099-R
3. Continue until "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
4. Continue answering the questions.

Please be aware that the whole distribution will show as income in TurboTax 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), it should show $0 and state ROLLOVER next to it.

To preview Form 1040:

1. Click on "Tax Tools" in the left menu
2. Click "Tools"
3. Click "View Tax Summary" in the Tool Center window
4. Click on "Preview my 1040" on the left

[lmjers]

Thank you for the information.  Followed the steps and it shows it correctly on the 1040 form.  Thank you to DanaB7 for the answer and the instructions!!!