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kelly6177
June 11, 2020
Question

I withdrew 65k early this year from 401K, due to job loss. I paid 15k back within 60 days. How do I enter the repayment so I don't get charged tax on the 15k.

  • June 11, 2020
  • 1 reply
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1 reply

macuser_22
macuser_22
Employee
June 11, 2020

When you enter the 1099-R next year you simply tell TurboTax that part was taken and part was rolled over.  The 1099-R interview will ask about that.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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