- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hi Dana!
Thanks for the suggestion. I'm using Mac TurboTax, so some of the navigation instructions didn't apply. But I have nothing in 1040 line 4b (related to this, anyway). And I paid $10k back last year and $10k back the year before, so this is the last $10k.
Here's what I did...
1. Under Retirement Plans & Social Security, I answered "Yes" to Did you take any disaster distributions in prior years or repay any prior year disaster distribution in 2022
2. On the next screen I answered "No" to Did you take a distribution in 2021 due to a non-covid disaster
3. answered "Yes" to "Did you take a 2020 Qualified Disaster Distribution?
4. Checked the box next to "If this was a Coronavirus-related distribution reported in 2020 check here", entered $10,000 from line 25 of my 2021 Form 9815-F.
5. On the next screen ("Did you repay any 2020 Qualified Disaster Distribution in 2022?) I entered $10,000 for Repayment made to a traditional IRA
And that was it! Like I said, if I change the value from Step 5, to a smaller number, it doesn't change my "Tax Due" value. Any clue what I'm doing wrong?