topic Re: 60 day rollover in Retirement tax questions

60 day rollover

durabin — Thu, 27 Feb 2025 16:27:51 GMT

I withdrew from my Traditional IRA but then re-deposited within 60 days. I only have the 1099-R that shows the w/d and TTax says I owe lots of taxes on the distribution. How do I enter the re-deposit?

Re: 60 day rollover

DoninGA — Thu, 27 Feb 2025 16:29:36 GMT

After you complete the Form 1099-R there will be a series of questions being asked by the program. One of the question will ask what you did with the money, select the option for returning it to another tax deferred retirement account.

Re: 60 day rollover

durabin — Thu, 27 Feb 2025 17:09:52 GMT

Thank you, it seems to have worked!!