Indirect Rollover within 60 days

[Hoosier]

When a client takes an early distribution from an IRA account and indirectly rolls over a portion of the funds into a new IRA account within the 60 day time frame, is there a form or schedule that reports this activity?

My software (ATX) shows the early distribution on 1040 line 15a and the portion not rolled over (the taxable portion) in 15b. The word 'ROLLOVER' appears to the left of line 15b.

I guess the actual rollover amount is not reported on any other form or schedule.

Am I missing anything here? Thanks.

[ChEAr$]

Your software

When a client takes an early distribution from an IRA account and indirectly rolls over a portion of the funds into a new IRA account within the 60 day time frame, is there a form or schedule that reports this activity?

My software (ATX) shows the early distribution on 1040 line 15a and the portion not rolled over (the taxable portion) in 15b. The word 'ROLLOVER' appears to the left of line 15b.

I guess the actual rollover amount is not reported on any other form or schedule.

Am I missing anything here? Thanks.

appears to be handling it just right. So you're not missing a beat.

[taxxcpa]

1099 received after filing

One of my clients filed his return and then, yesterday, called and said his wife withdrew the money from an IRA and received the money. She then placed it in a new, different IRA.

Since he has already filed, I assume that a Form 1040X could be submitted explaining it and attaching evidence that it went into a new IRA. There would be no change in tax, but it might head off an inquiry by the IRS.

Is there any other solution?