Hello, everyone-
I withdrew around $15,000 from my 403B in 2020 due to some financial difficulties during COVID. I am a bit perplexed as I try to file my taxes for 2023. I split up the reporting of the income over the three years, which was an option, so a bit over $5,000 was reported as income that was withdrawn from a retirement account.
Now, as I try to file, it asking "Did you receive coronavirus-related distributions in 2020 and report them on Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments?" I did, but I have reported 1/3 of it for the three years. Do I just ignore this section where it asks this? If I hit yes, it asks how much I reported on my taxes which then shows up again on my 2023 taxes as additional income, which is clearly inaccurate.
Lastly, I also withheld 10% originally ($1,513.91), but I dont think I reported that when including the income on the past three years returns. Is there anyway to adjust that now since I forgot to do that?
Thanks, everyone.
Sam
