Proper Reporting of Early IRA for Educ Use

- A
- Another Poster
  
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posted
13 years ago

Thu, Feb 24, 2011 8:14 PM

Greetings:

I made an early withdrawal from my SEP-IRA to cover my daughter's educational expenses. We unexpectedly received an additional scholarship for her so I made a "rollover" to re-deposit some of the funds (within 30 days of the original withdrawal date and within the calendar year).

Where do I report the withdrawal and the rollover (return)?

Also, I've been told I need to file a 5329. Are there any other forms or entries I should be aware of?

Thanks,

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- P
- Phil Marti
  
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Vote on answer
posted
13 years ago

Fri, Feb 25, 2011 11:15 AM

Line 15 of the 1040.

Nope, that's it.

Phil Marti VITA/TCE Volunteer Clarksburg, MD

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