- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@J808 wrote:
It does not appear to be working properly. I took out a 401k covid distribution in 2020. I opted to spread the tax burden over 3 years. I used 8915-e in 2020. Turbo tax allows me to fill in the 2020 total distribution and the amount I claimed on 2020 taxes, which was 1/3 of the total. However, it is not adding it to income and my running tax payment/refund does not change. Further indicating that it is not adding this amount to 2021 income.
Did you enter the 1/3 of the distribution on both lines as follows -
If the 2020 distribution was from an account that was Not an IRA
2020 Form 8915E Line 9 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9
If the 2020 distribution was from an IRA account
2020 Form 8915E Line 17 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17