1099-R where Box 2A includes amount redeposited in 60 day time period

[MaryL1]

I have a 1099-R for a Traditional IRA.  Box 1 shows total distribution of $62,500.  Of this amount, $50,000 was redeposited under the 60 day rule and has no tax consequence.  I've adjusted Box 2A to reflect the taxable amount of $12,500.  Distribution Code is 7.  Once I check the IRA/SEP/SIMPLE Box, the entire amount of $62,500 becomes taxable.  What am I missing?

[chasetax · Accepted solution]

Do not adjust any entry on page 1 of 1099-r worksheet!  Scroll down to second page, I believe, B1 or B2, should say amount of distribution rolled over--enter your $50K there

[MaryL1]

THANKS! It worked.  I don't know if I would have ever found it.  I had looked at the worksheets but just couldn't figure it out.  You're a JEWEL for responding so quickly.