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Retirement tax questions
Question on 2020 filing: When you say you may have to pay taxes on a portion, If you receive a lump sum in 2020 for 7 months (the last 3 months of 2019 and the first 4 months of 2020), how is this entered? I tried to enter receiving the lump sum payment in 2020 but the error says enter 2019 or earlier. Do I enter 2019 and list the last 3 months of 2019 then when I do my taxes in 2021 list the first 4 months of 2020?
May 5, 2021
10:53 AM