IRA Withdrawal and Repayment
I withdrew funds from my Traditional IRA in December 2021 and I repaid the full amount within 60 days in January 2022. How do I show this in TurboTax for my 2021 taxes so this is not considered taxable income?
I withdrew funds from my Traditional IRA in December 2021 and I repaid the full amount within 60 days in January 2022. How do I show this in TurboTax for my 2021 taxes so this is not considered taxable income?
Please refer to the following Turbo Tax article posted by awesome agent Irene2805 in the following post. Here are her steps as she outlines in the post.
"TurboTax Online
TurboTax CD/Download
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