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Retirement tax questions
@Caseyblue wrote:
What if I have already filed & received refund?
Can I still file form 4868 re. Cares Act repayment?
A 4868 is an extension to file that you do not need since you already filed.
You do not have until the filing deadline to repay the 2020 1/3 if you chose to pay over 3 years (it is calendar years). Any repayment made in 2021 counts toward the 2021 1/3 of the tax. The option to spread it over 3 years must be made on your 2020 tax return with a 8915-E form.
If you did not do that any you want to pay 1/3 in 2020 and spread the other 2/3's over 2021 and 2022 you can submit an amended 2020 return.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
May 7, 2021
7:58 AM