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Is there an error in TurboTax when calculating taxable income from a covid-19 retirement distribution?
I took a qualified $30,000 covid-19 distribution from my 401k. I repaid $10,000. I elected to spread the distribution over 3 years. TurboTax is still reporting $30,000 as taxable income for 2020, even though it should be $0.
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March 1, 2021
8:19 PM