Roth Re-Deposit
Took a disbursement of Roth funds on Jan 17,2020 (not held 5 years and under 59.5) and would like to re-deposit them now since I have the funds. for the CARES act how is this coded ? Current year contribution ? Last year contribution?
Permalink Submitted by Alan - IRA critic on Wed, 2020-05-27 20:05
The custodian accepting a re payment of what you represent to be a CRD will report the repayment in Box 14a of Form 5498, and enter an IRS assigned code in 14b based on the current disaster distribution repayment instructions, UNLESS the IRS chooses to revamp the 5498 for Covid repayments, which is unlikely. Of course, you will need to qualify for a CRD and will also have to report the distribution on Form 8915 (likely new version 8915 E) to be released for Covid purposes.