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Repaid COVID Distribution to IRA at last minute, how many amendments to file?
I took a covid-related distribution in Nov 2020, spread the tax liability over 2020, 2021, and 2022, and then repaid it in September of 2023 (after filing 2022 return). Will I need to amend 2020, 2021, and 2022 returns for state and fed? (ugh.)
I notice that turbotax is allowing me to claim 1/3 repayment on my 2023 return. If I do this, can I cut my amendments down to two years? If so, which year would I cut out?
What do I need to send in with my amendment form 1040-X?
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‎April 6, 2024
4:27 PM