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Retirement tax questions
The instructions on form 8915-e are quite clear. If you take a distribution, elect to spread it out over 3 years, 100% of any repayment will be applied to what you owe in year 1. If the amount you repaid is more than 1/3 of the total distribution, the excess repayment counts towards year 2.
March 2, 2021
4:06 PM