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Level 3
April 5, 2024
Solved

repayment of ira distribution within 60 days

  • April 5, 2024
  • 1 reply
  • 10 views

Where would I enter the reayment amount in Lacerte?

    This topic has been closed for replies.
    Best answer by qbteachmt

    Here's the help article:

    https://accountants.intuit.com/support/en-us/help-article/form-1099-r/common-questions-form-1099-r-lacerte/L15JViCfv_US_en_US?uid=lumvo8td

    Always ask for the 1099-R and the Form 5498 (if available) or the account statement, because that distribution likely had withholding. You need to confirm that was included in the rollover, and that the rollover was timely.

    1 reply

    qbteachmt
    qbteachmtAnswer
    Level 15
    April 5, 2024

    Here's the help article:

    https://accountants.intuit.com/support/en-us/help-article/form-1099-r/common-questions-form-1099-r-lacerte/L15JViCfv_US_en_US?uid=lumvo8td

    Always ask for the 1099-R and the Form 5498 (if available) or the account statement, because that distribution likely had withholding. You need to confirm that was included in the rollover, and that the rollover was timely.

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