FangxiaL
Expert Alumni

Get your taxes done using TurboTax

Oh, I see what you mean. You had 10% withheld from it when you took the distribution. If you also chose to pay taxes over the 3-year period, you do need to wait for Form 8915-F to report the 2nd 1/3 on your 2021 tax return. You are correct, there is no 10% penalty applicable. The 10% withheld upfront was counted towards taxes paid on your 2020 tax return. 

 

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@Ruben74

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