deryckkrystel
Level 1
06-05-2020
10:54 AM
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CLIENT USED MONEY AS DOWNPAYMENT ON NEW HOME BUT PAID MONEY BACK IN 60 DAYS. RECEIVED 1099 WITH CODE1. HOW DO I SHOW MONEY WAS PAID BACK
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Level 15
06-05-2020
11:14 AM
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Scroll down the 1099R worksheet to the Rollover section.
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The-Tax-Lady
Level 9
06-05-2020
12:16 PM
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Make sure the entire distribution, including any taxes withheld, was the total amount repaid.
When you say "Non Taxable Rollover", is the original distribution from a ROTH or is it what you are calling the final result you are working to get on the tax return?
Does the client have proof of the rollover deposit?