Deductions & credits

No, if you selected to spread it over 3 years on your 2020 tax return then you will have to report the 2nd portion on your 2021 tax return.

Please follow these steps to report the 2rd portion of the COVID distribution on your 2021 tax return (if you selected to spread it over 3 years on your 2020 tax return):

1. Login to your TurboTax Account 
2. Click on the "Search" on the top and type “1099-R” 
3. Click on “Jump to 1099-R” 
4. If you do not have any 2022 1099-R answer "No" to "Did you get a 1099-R in 2022?" (If you have any other 1099-R then enter all 1099-R and after entering your last 1099-R click "Continue" on the “Review your 1099-R info​​​​​​​” screen)
5. Answer "Yes" to the "Did you take a disaster distribution in prior years…?" screen
6. Answer "Yes" to "Did you take a 2020 Qualified Disaster Distribution?"
7. Check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here" and enter your information.

 Please verify that you check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here". Also, make 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.