Retirement tax questions


@Rodas1987 wrote:

I did answer those questions. But I still don’t see that option when it’s says to finalize my taxes. I just would hate to finalize it and not be able to pay it over 3 years. Is that option only when I finalize it and submit it???


Back in the Federal Review section if you answered that the distribution was due to Covid-19 there would have been a screen asking you if you wanted to have all of  the distribution reported on the 2020 tax return or have it spread out over three years.  If you did NOT check the box to have it on the 2020 return then only 1/3 will be on the 2020 tax return, 1/3 on the 2021 return and the final 1/3 on the 2022 return.

Covid-19 Distribution.JPG