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Why does my tax return for 2023 have my 401K withdrawal in 2020 on it?
Ok, I took $60,000 out of my 401K in 2020 under the Cares Act. I elected to count it as taxable income over 3 years. I went to file my taxes this year and there is $20,000 on there again. I went back and looked at my previous tax returns and there is $20,000 on my 2020 tax return, $20,000 on my 2021 tax return, $20,000 on my 2022 tax return so why is it showing up on my 2023 tax return? I couldn't find a way to remove it either.
‎April 8, 2024
7:21 AM