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@nolanwittrock wrote:

@macuser_22 

@DoninGA 

 

Ok let me give you my exact scenario.

 

I took $98,008 as a Covid distribution.  I already paid 1/3 of that back. I want to spread the tax out of 3 years, which means that, as I understand it, I should owe $0 in tax on that distribution for 2020.

 

On my 1040 line 4, it shows IRA distributions of $98,008. Line 4b says $92,008.  Not sure where that number is coming from.


This is what I get (my line 4b is $2669 because I replayed $30,000 not exactally 1/3)

 

Screen Shot 2021-02-26 at 3.18.00 PM.jpgScreen Shot 2021-02-26 at 3.18.21 PM.jpgScreen Shot 2021-02-26 at 3.18.44 PM.jpgScreen Shot 2021-02-26 at 3.19.11 PM.jpgScreen Shot 2021-02-26 at 3.19.23 PM.jpgScreen Shot 2021-02-26 at 3.22.08 PM.jpgScreen Shot 2021-02-26 at 3.25.31 PM.jpg

**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.**