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Get your taxes done using TurboTax
I had Covid in 2020 and withdrew money from my 401k under the Cares Act. I had 10% Federal and 10% State taxes taken out from my withdrawals. I know there was no 10% penalty fee because of the Cares Act. When I filed last year I chose to claim that money over three years. 1/3 of my withdrawal was claimed as taxable income. I now have to claim the other 2/3 this year and next year. I have no idea how or where to enter this information and I'm not sure how to enter the 10% taxes I already had taken out in the form. Can anyone help me figure this out? Thank you.
‎February 20, 2022
10:54 AM