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ttapping
June 4, 2019
Solved

I repaid an IRA distribution within 60 days. where do I enter this information?

  • June 4, 2019
  • 1 reply
  • 0 views
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Best answer by ThomasM

After you enter your 1099-R into TurboTax, you'll be asked some questions about the distribution.  One of these questions will be What did you do with the money?  You'll check the box saying you moved it to another retirement account (or returned it to the same account).  Then you'll be asked how much of it you put back, and you'll say all of it.

Those two answers will result in the distribution not being taxed.

You'll find the entry section by following this pathway:  Federal Taxes > Wages & Income > Retirement Plans & Social Security > IRA, 401k, Pension Plan Withdrawals (Form 1099-R).

1 reply

T
ThomasMAnswer
Employee
June 4, 2019

After you enter your 1099-R into TurboTax, you'll be asked some questions about the distribution.  One of these questions will be What did you do with the money?  You'll check the box saying you moved it to another retirement account (or returned it to the same account).  Then you'll be asked how much of it you put back, and you'll say all of it.

Those two answers will result in the distribution not being taxed.

You'll find the entry section by following this pathway:  Federal Taxes > Wages & Income > Retirement Plans & Social Security > IRA, 401k, Pension Plan Withdrawals (Form 1099-R).

    P
    prdawson
    February 4, 2020

    I have entered my 1099R amount into TurboTax 2019.  I choose Continue...My 2019 Turbo Tax does not ask me what I did with the money on my 1099 R.  It only asks me if I took a Qualified Distribution in 2016...and 2017.  It then asks me if I repaid a Hurricane Distribution in 2019.

     

    My situation...I took a distribution in January 2019 and repaid it within 60 days. When and how do I get to the question you indicate in your previous answer.   Thank you for any help you can provide.

    L
    linaj20201
    February 4, 2020

     

     

     

    There is a screen where asks you that question.  See the image below:

     

    To return to edit your 1099-R information, here are the steps:

    In TurboTax online,

     

    • Sign in to your TurboTax account and select Pick up where you left off
    • At the right upper corner, in the search box, type in "1099r" and Enter
    • Select Jump to 1099r
    • Follow prompts

     

     

    @prdawson

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