- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@LisaOD wrote:
Where is this screen?? It is assuming I only want one third, but I want to pay tax on the whole thing this year.
The answer by @ThomasM125 will indeed tax it all this year but will not eliminate the 10% penalty if you are under age 59 1/2, it must be COVID related to do that.
If you are using the online version then: Try deleting the 1099-R and the 8915E form and re-enter the 1099-R?
If using the CD/download desktop version then switch to the forms mode and select the 8915E form and near the bottom of Part I you will find "Taxable 3 year spread Worksheet" Check the box to pay it all in 2020, uncheck to spread over 3 years.
**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.**
May 17, 2021
5:34 PM