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Get your taxes done using TurboTax
I'd appreciate an update on this issue. I received money in 2020 from my 401K and elected the 3 year period to bring the money into income due to COVID. $5K each year. My 2020 return shows receipt of $15K on the 1099R and on Line 5a and then $5K on the taxable area Line 5b.
I put a carryover schedule in my 2021 file and now I have nothing from Vanguard so I'm trying to figure out how to show the $5K on my return.
Am I supposed to act like a got a 1099R from vanguard for 2021 for $5K and answer the question it's from a COVID distribution? Because I tried that since all the carryover information from the 2020 return in TT for Vanguard. I put $5K as distribution and fully taxable and then started answering the questions. But the minute I checked the box it was COVID I got a notice saying the information to input in Turbo Tax isn't going to be available until March 2022.
Any help would be appreciated.