topic I withdrew $30K from an IRA and deposited $30K back into the same account in < 90 days, thus creating no tax event. How do I reflect repayment in TurboTax Deluxe? in Retirement tax questions

I withdrew $30K from an IRA and deposited $30K back into the same account in < 90 days, thus creating no tax event. How do I reflect repayment in TurboTax Deluxe?

mikiejmoran — Sat, 01 Jun 2019 18:27:39 GMT

The rollover deadline is 60 days from the date of the dis...

dmertz — Sat, 01 Jun 2019 18:27:40 GMT

The rollover deadline is 60 days from the date of the distribution, not 90 days. Did you complete the rollover by the 60-day deadline?

Yes. My typo error. Embarrassing. Withdrawal was 9/5, dep...

mikiejmoran — Sat, 01 Jun 2019 18:27:41 GMT

Yes. My typo error. Embarrassing. Withdrawal was 9/5, deposit was 11/1.

This is a rollover. Enter the Form 1099-R as received un...

dmertz — Sat, 01 Jun 2019 18:27:42 GMT

This is a rollover. Enter the Form 1099-R as received under Wages & Income -> Retirement and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R). In the questions that follow, indicate that you moved the money to another retirement account (or returned it to the same account), then indicate the amount rolled over. TurboTax will exclude the amount rolled over from the amount on Form 1040 line 4b and will include the word ROLLOVER next to the line.

Thank you. That's it! A detailed, correct reply that is...

mikiejmoran — Sat, 01 Jun 2019 18:27:43 GMT