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Level 2
posted Mar 16, 2023 7:30:26 AM

IRA 2020 Disaster Distribution not reporting correcting in 2022

I received the update this morning which finally fixed form 8915F and now have no errors.  However, I noticed my tax due was incorrect.  Upon further examination, I noticed for example, if you took a Corona Virus Distibution for 2020 of $ 6000 and spread over three years.  It should be $ 2000 per year is taxable.  But the 2022 program will report it as $ 6000 not $ 2000.  I have report it to Turbo tax and a ticket is in.  However, be aware of this error.  The 2022 program places the Gross distribution not the taxable amount on form 1040 

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