DanaB27
Expert Alumni

Get your taxes done using TurboTax

If you filed the 2020 return as suggested in May 2021 then you do not need to amend your 2020 return.

 

Yes, it seems that you entered everything correctly on your 2021 tax return. Yes, you will have to pay tax on the earnings listed on line 4b of Form 1040.

 

If you have any further questions, I will be happy to answer them.

 

@amit215

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