IRA Rollover

Archive for November, 2007

Question: How do I get hrblock taxcut to report a ROLLOVER on a IRA?

background: same year that I did a rollover, I did an IRA distribution. More detail: within the 60 day period after the IRA distribution, I re-deposited the distribution (changed my mind about using the funds). The bank recorded this re-deposit as a rollover. SO how do I get this across using the hrblock taxcut tool? It let me add the distribution nicely, but I have not been able to get the rollover input. these tools help , compared to the old days, but it is frustrating since I know all I have to do is record ‘ROLLOVER’ on the line 11a. But I have to get the tool to do this, else all the other values will be messed up.

Answer: First report the rollover as a distribution and then as a rollover to solve the problem.

Retirement Plan Distribution Options: Part 1