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Get your taxes done using TurboTax
If you did not take any money out of a retirement account in 2021, you should not receive a 1099-R form again for the distribution you took in tax year 2020.
You said you paid the 10% upfront, did you mean the 10% penalty besides the income tax you had to pay on your 2020 return? If that is the case with you, you did not indicate that the distribution is due to Covid-19, otherwise, the 10% addition to tax does not apply.
This question applies to a lot of taxpayers. Select No if you don't need to report 1/3 of the amount of your distribution from a prior year.
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March 12, 2022
3:38 PM