2/26/21
To whom it may concern:
My Dec 2020 Covid related 401K Full Distribution Request came back to me in 3 payments, resulting in 3 Form 1099-R at year end
First payment was for $35,558.21: all this is taxable
2nd payment was for $35, 046.06: only $4,672.60 of it is taxable and $30,373.46 non
-taxable (Roth Contribution)
3rd payment was for $803.65, all taxable
When i enter the 2nd payment in Turbo Tax, with line 2a, taxable amount stating clearly $4,672.60 it charges me tax for the full $35,046.06; when i swap line 1 Gross Distribution of $35, 046.06 to $4,672.60, the tax decreases: how to make it charge tax to just the taxable amount 2a? thank you
