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March 10, 2022
Question

Ira 60 day tax rule how to show the return of the ira money back on turbo tax

  • March 10, 2022
  • 1 reply
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ira 60 day  loan on, how to report the return of the money  at the end of 60 days .

1 reply

VolvoGirl
Employee
March 10, 2022

Loans are not reported on a tax return.  If you got a 1099R that is for a distribution.  Then you returned it within 60.  Enter the 1099R and answer the follow up questions.  It will ask what you did with it.  Say you Rolled it over or Moved it to another account even if you put it back in the same account.