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Retirement tax questions
If your pension distribution is coded as being taxable, you will see a screen in TurboTax that says Was This a Withdrawal due to COVID-19 or a Qualified Disaster Distribution? after you enter your form 1099-R. When you indicate that it is, then you will see the option to spread the taxable amount over three years.
If your distribution has a wrong code in box 7, you will have to request a corrected form from the issuer.
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March 8, 2021
7:48 PM