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Clarification for Cares Act withdrawal with 3 year tax payback
I took a Cares Act withdrawal from in 2020. I claimed the total amount of that withdrawal on my 2020 Turbo Tax return. I filed my 2020 1099-R and filed a 8915-E all with Turbo Tax last year. I opted to pay the tax on this withdrawal over 3 years. I am filing with turbo tax again this year. If I understand correctly, I will NOT enter any 2020 form1099-R information on my 2021 or 2022 return? However, I will have to file a 8915-E for 2021 and 2022 when it is available on Turbo Tax? Does this sound correct?
‎February 25, 2022
3:18 PM