Reply To: Another case: Returned money to IRA within 60 days

Home Fairmark Forum Retirement Savings and Benefits Another case: Returned money to IRA within 60 days Reply To: Another case: Returned money to IRA within 60 days

#77253
ruth
Participant

The 1099-R is correct. You enter $90,000 on line 4a, Form 1040, enter $40,000 on line 4b, and enter the word “Rollover” next to line 4b. If you’re using a tax program, you’ll indicate that you rolled over $50,000 of the distribution. You can do this kind of rollover only once within any 12-month period.