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February 27, 2025
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60 day rollover

  • February 27, 2025
  • 1 reply
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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?

    Best answer by DoninGA

    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.

    1 reply

    DoninGA
    DoninGAAnswer
    Employee
    February 27, 2025

    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.

    durabinAuthor
    February 27, 2025

    Thank you, it seems to have worked!!