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COVID Roth IRA not distributing over 3 years. How to fix?
This is a continue from this unresolved discussion regarding the new Covid Distribution. When the question comes in TurboTax "Do you want to Pay all the tax this year" It says "'Name' reported $0 as a Covid-19 distribution....
My total Tax amount appears to be in line with what I expected for the total three years but TT is just not spreading it out properly. When I check the box (as a test) to tell it not to spread it out over three years it does not change and keeps the same number. I posted my form numbers in the discussion link above. I followed the normal questioning via the assisted so I am not sure what the issue is. Maybe its just a bug?
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March 2, 2021
5:15 AM