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Retirement tax questions
If you took a disaster distribution and had the funds deposited into your bank account, you did not do a 'rollover' or 'conversion'. Check the appropriate box.
You will only have one 1099-R to enter.
After you enter your 1099-R you will be asked if this was a 'disaster-related distribution'.
If you withdrew the funds in 2021, the deferred income reporting option is not available, as it was in 2020.
Click this link for more info on Form 1099-R.
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‎January 21, 2022
7:48 PM