@acs11012 wrote:
@LinaJ2020 But it looks like all of the taxes withheld from my distribution are being used for 2020 taxes and not only a third.
Yes, that is correct. Any tax withholding can only be applied to the tax year in which it was withheld. The CARES Act allowed the distribution to be spread over 3 years, not any tax withheld. You get the excess tax withheld as a refund which is the object of the CARES Act - to put more money in your pocked now.
**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.**
