@igould wrote:
Thank you, I saw that box. But when I fill out the form the program does not calculate the tax. Of the distribution I’m paying 45% of it back. TurboTax TurboTax is not calculating the tax on the remaining 55%.
It will not unless you check that box if you want to pay all the tax on the 2020 tax return. The amount already pay back is not taxable.
**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.**
