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I withdrew $24,000 from my 401k under the CARES Act. I'm wondering how I split up my tax liability over the 3 years vs. claiming all of it this year and owing much more.
I know I am liable for the tax bill regardless but my question really is how do I split it up over the 3 years in the turbo tax software so that I don't owe as much immediately and lessen my overall yearly income and move my tax bracket back down.
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‎January 18, 2021
5:13 PM