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When filing taxes for 2021 tax year using turbotax cd edition, how do you handle a 401k withdrawal under the cares act in 2020?
I am preparing to file taxes for the 2021 tax year. I took a cares act withdrawal in 2020 and elected to spread the tax burden out over 3 years. I put the first 1/3 of the gross amount as income when i filed in 2021 for 2020 tax year. How do i input the 2021 tax year portion of the income (1/3 of the gross amount) in TT? I assume I won't get a new 1099-R like i did in 2020 when I took the withdrawal.
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‎January 3, 2022
7:23 PM