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Stupidly missed accounting for the COVID relief as income in years 2021 and 2022. Need to amend but how do I account for the repayment?
Messed up and didn't include Cares Act Hardship withdrawal as income for years 2021 and 2022. I will reimburse 3/4 of the money this week (I just discovered my error) . I will go back and amend 2021 and 2022 taxes for the error but how do I account for the repayment I will make in 2023. I plan to repay all but a third of the money withdrawn. If I amend the return for the income error, then how do I reamend it to account for the repayment? Help!!!
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‎November 29, 2023
10:37 AM