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Get your taxes done using TurboTax
All of the federal income taxes withheld on the 2020 withdrawal were entered on the 2020 tax return as a tax payment.
The taxes withheld can Not be spread over three years. Only the distribution can be spread over three years.
The 2nd year of the distribution is entered on your tax return as ordinary income and taxed at your current tax rate along with the other income being reported on the 2021 tax return.
March 26, 2022
5:17 PM