AmyC
Expert Alumni

Deductions & credits

There is nothing to correct.

You took a distribution in 2020, the full amount shows on line 5a and 1/3 on line 5b, that is correct. For 2021, only the taxable portion will show on line 5b. If you repaid a portion, then only the taxable portion will show.

As for the rollover in 2021, it will go on your return as a rollover. It will show as money distributed but not taxed. We are in 2022 and 2021 tax returns are due April 18 unless you file an extension for the paperwork. Money is still due April 18.

 

@rashidjamal

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