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DL-JL
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I borrowed $36K from IRA in Feb. 2018 & paid back $33K in April 2018. I should only pay taxes on $3K. How or where do I report this on the Federal Turbo Tax form?

 
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I borrowed $36K from IRA in Feb. 2018 & paid back $33K in April 2018. I should only pay taxes on $3K. How or where do I report this on the Federal Turbo Tax form?

To report a repayment of an IRA distribution please see the link below, also when you enter the information, when it asks how much did you put back, you would enter $33K


https://ttlc.intuit.com/replies/6153585

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2 Replies

I borrowed $36K from IRA in Feb. 2018 & paid back $33K in April 2018. I should only pay taxes on $3K. How or where do I report this on the Federal Turbo Tax form?

To report a repayment of an IRA distribution please see the link below, also when you enter the information, when it asks how much did you put back, you would enter $33K


https://ttlc.intuit.com/replies/6153585

DL-JL
New Member

I borrowed $36K from IRA in Feb. 2018 & paid back $33K in April 2018. I should only pay taxes on $3K. How or where do I report this on the Federal Turbo Tax form?

Thank you very much!

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