topic 1099-R not reflecting redeposit within 60 days in Get your taxes done using TurboTax

1099-R not reflecting redeposit within 60 days

ronvttax — Tue, 21 Jan 2025 23:25:55 GMT

Received my 1099-R and it doesn't reflect a redepositing within 60 days of $2000--a portioin of that December's amount. Schwab indicated that they mail out 5498 forms after April but that I could have my tax person complete and file that earlier.

I looking at a few prior years TT advice it seems that maybe there is a way within Turbo Tax to work the screen entries.

Re: 1099-R not reflecting redeposit within 60 days

MindyB — Wed, 22 Jan 2025 17:55:07 GMT

Yes. You can revisit the 1099-R section. After entering the information from your 1099-R, you will come to a screen with the heading "Tell us if you moved the money through a rollover or conversion"

Select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
Next screen - Choose that you rolled over less than the total distribution
A box will populate asking for the exact amount. Enter $2,000.

Re: 1099-R not reflecting redeposit within 60 days

ronvttax — Fri, 24 Jan 2025 14:32:21 GMT

Thank you it worked.