Question

I paid back my CARES act distribution in 2022. I paid all taxes on it in 2020. How do I enter this information?

No text available

Employee

I believe you need to file an amended 2020 return.

Employee

did you divide by 3.0?

whatever you paid back in 2022 goes on your 2022 tax return,

any amount more than one third can be carried back to 2021 or 2020.

If you did not divide by 3.0 you carry all your repayment back to 2020.

Employee

"I paid all taxes on it in 2020."

This means you did not divide by 3.0

Correct.