- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
2020 Qualified Disaster Distribution
I received a Covid related disaster distribution in TY 2020. I elected to spread the distribution over three years.
I do not know how to enter the original 1099-R in the income portion of this year's tax return. Obviously, I did not receive a new 1099 for this distribution. Do I just put in the third that I will owe for 2021? Turbo tax doesn't make it clear how to enter this, just states "you will have to revisit 1099-R income area."
I filled out the new 8915-F form already, but like I said, it's not clear how to enter the 1/3 owed part?
Also, if I elect to repay this 1/3 before the tax filing deadline, do I have to enter the 1099-R at all or just report that I repaid in the 8915-F section?
Topics:
March 25, 2022
8:34 AM