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1099-R not reflecting redeposit within 60 days

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.

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1 Reply
MindyB
Employee Tax Expert

1099-R not reflecting redeposit within 60 days

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.
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