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Get your taxes done using TurboTax
Yes, you can follow @macuser_22's instructions to input the information for your 2020 return and avoid having to amend it next year. However, because you have withholding, you will need to include the 1099-R information on your 2021 information as well (withholdings are applied to the year in which the excess removal is made, therefore your withholding will count towards your 2021 return).
Hope this makes sense.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎February 12, 2021
6:17 AM