Question

Paying taxes on the second third of an IRA distribution (COVID-related)

Forum|Forum|4 years ago
February 21, 2022
1 reply
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I used TurboTax last year. I withdrew funds from my IRA last year based on COVID impact. I paid 1/3 of the tax due last year. I cannot tell if Turbotax has included the second third payment on my 2021 tax calculation. How can I verify this before I file?

M

MinhT1

You will report the second taxable portion of your 2020 coronavirus distribution in the Retirement section under Wages and Income of TurboTax.

However, this section will only be available around March 31, 2022 and you'll need to revisit this section later.

Please see this TurboTax Help topic on IRS forms availability dates.

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