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April 17, 2022
Question

I received a retirement distribution related to the change in laws from pandemic. The tax liabivlity is allowed to be spread over 3 years. Turbo tax doesn't have this?

  • April 17, 2022
  • 1 reply
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Where do I fill in tax info for year

    1 reply

    April 17, 2022

    If you are trying to report the 2nd part of a 2020 COVID distribution that you spread over 3 years then please follow these steps:

     

    1. Click on the "Search" on the top and type “1099-R”  
    2. Click on “Jump to 1099-R” 
    3. If you do not have any 2021 1099-R answer "No" to "Did you get a 1099-R in 2021?" (If you have any other 1099-R then enter all 1099-R and after entering your last 1099-R click "Continue" on the “Review your 1099-R info​​​​​​​” screen)
    4. Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen
    5. Follow the instructions on the screen

     

    Please verify that you check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here". Also, make sure you enter the amount from Form 8915-E, line 9 twice (if it was not from an IRA) or enter the amount from Form 8915-E, line 17 twice (if it was from an IRA). This amount should be 1/3 of your 2020 COVID distribution.

     

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