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Need Help with 2020 Qualified Disaster Distribution Section
Hello,
I took out the $100,000 disaster distribution from my 401k in 2020 due to coronavirus with the plan to pay taxes on it over 3 years. When I get to the part of TurboTax Home & Business where I need to enter my information from 2020's Form 8915E, it has a checkbox that says "If this was a Coronavirus-related distribution reported in 2020 check here." So, I checked the box. Then the next field says "2020 Form 8915E, line 4, column b (do not include coronavirus-related distributions)"
What am I supposed to do for this field? TurboTax says not to include coronavirus-related distributions, but my form 8915E has "100,000" in line 4, column b. So do I leave the field blank? Or do I enter "100,000"? So confusing.
2020 form 8915E shows 100,000 in line 4 column b
But note what TurboTax says inside the parentheses