To report the 2021 CARES Act retirement plan distribution for 2020 that gave you 3 years to repay it back, follow these steps:
With your federal return open:
- In the search box, type 1099-r, then Jump to 1099-r
- On the next screen, select No if you did not receive a 1099-R in 2021
- On the next screen, select Yes to Have you ever taken a disaster distribution before 2021?
- Select Yes, I took a disaster distribution between 2017 and 2020 on the next screen
- The message below is what you will see because the form is not ready as of today. The new form is expected sometime in March.
You'll need to revisit this area
Unfortunately, IRS instructions related to repayments of disaster distributions weren't ready in time for us to include them in this release. Please revisit this area later.
@GuyGiantic
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