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Retirement tax questions
How do you choose to pay the covid taxes back over 3 years? The help content says you can report the income over three years and gives the example of, if you withdrew $15,000 in 2020 for Covid, you could report 5,000 in income each year for the next 3 years. Does this mean we change the amount we withdrew on our 1099R form to reflect only 1/3 of this income? There are no directions on HOW to report this income over 3 years.
March 1, 2021
7:13 PM