If you choose to spread the taxation of your COVID distribution over three years, then one third of the amount of the distribution will be added to your taxable income to be taxed in each of the three tax years 2020, 2021 and 2022.
For example, if you withdrew $30,000, then $10,000 will be added to your taxable income in each year 2020, 2021 and 2022.
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