@DC_33 wrote:
@DoninGA
I guess I’m just confused. Going over my 2020 return I see my first 1/3 on the 1040 like you had mentioned. So essentially 2021 would be the first year I’m being taxed on it?
You were taxed on first 1/3 of the amount withdrawn on your 2020 tax return. On the 2021 tax return you are being taxed on the 2nd 1/3 of the amount withdrawn in 2020. On your 2022 tax return next year you will taxed on the third and last 1/3 of the amount withdrawn in 2020.
