DanaB27
Expert Alumni

Get your taxes done using TurboTax

Please make sure you enter the 1/3 distribution amount twice on the entry screen.

 

Please follow these steps to report the 2nd portion of the COVID distribution or any repayment in TurboTax Premier Download:

 

  1. Click "Federal Taxes" on the top and select "Wages & Income"
  2. Click "I'll choose what to work on"
  3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)
  4. Answer "No" to the question "Did You Have Any of These Types of Income?" if you didn't have a Form 1099-R for 2021  (If you have a Form 1099-R then enter all 1099-Rs and after entering your last 1099-R click "Continue" on the “Your 1099-R Entries​​​​​​​” screen)
  5. Answer "Yes" to the "Did you take a disaster distribution in prior years or any repayment…" screen
  6. Answer "Yes" on the "Did you take a 2020 Qualified Disaster Distribution" screen
  7.  Check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here" and enter your information.

 

Please sure you enter the amount from Form 8915-E, line 9 twice (if it was not from an IRA) or enter the amount from Form 8915-E, line 17 twice (if it was from an IRA). This amount should be 1/3 of your 2020 COVID distribution.

 

For example, if you had a $30,000 distribution from an IRA:

 

 

You should have an entry on line 5b (for none IRA) or 4b (for IRA) to show 1/3 of the COVID distribution as taxable.

 

@Dwayne F 

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