IRA Rollover

[Mashrum55]

I did a distribution from an IRA last January 23. The distribution was for $170,000, and I repaid $150,000 in March 23. I received a 1099R for the distribution but have not received a 5498 yet. How do I correctly report this, so I am not paying taxes on the $150,000 that I repaid as a rollover.

[DanaB27]

If you returned the funds within 60 days then please follow these steps to enter the rollover:

1. Open you return in TurboTax 
2. Click "Federal Taxes" on the top and select "Wages & Income"
3. Click "I'll choose what to work on"
4. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)" 
5.  Enter the information from your 1099-R
6. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
7. Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount of $150,000 next to "Amount rolled over to another (or back to the same) retirement account