@nolanwittrock wrote:
@DoninGA
As I said, I've deleted the 1099-R many times. I have not tried clearing the return and starting over. That is about 6 hours of work for me (very complicated taxes), so I'd rather not have to do that if possible.
Box 7 is Code 1
Mine is an IRA, so I have that checked.
All distribution due to Covid-19. I get the screen that says "You are eligible for the COVID-19 exception."
But then, no matter which option I select (Repaid all, repaid part, repaid none) it doesn't change the amount of tax due. Whether I say that I want to pay all the tax this year or none of the tax this year, it doesn't chance the amount of tax due.
It will not decrease the taxable amount of the distribution, only the additional 10% early distribution penalty.
Is there an amount on the 1040 Schedule 2 line 6?
**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.**
