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Get your taxes done using TurboTax
@mwheidel wrote:
I had them take at 20% from my distribution to cover taxes. Did the the full 20% get applied to the 1/3 I claimed on my 2020 taxes or does it get broken in to thirds to cover each of the 3 years?
All the federal income taxes withheld from the 2020 distribution were entered on the 2020 tax return as a tax payment and would have been included in the 2020 tax refund that you received.
The taxes withheld cannot be spread over three years.
March 30, 2022
1:30 PM