@turbota888 wrote:
Do I need to enter anything where it asks for the number for: 2020 Form 8915E, line 4, column b?
I did what you mentioned and entered the value from 2020 line 4, column b as well, but seems like the calculation in taxes owed is much more than it should be.
No, nothing need to be entered in the box for 2020 Form 8915E, line 4, column b
If the 2020 distribution was from an account that was Not an IRA
2020 Form 8915E Line 9 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 9
If the 2020 distribution was from an IRA account
2020 Form 8915E Line 17 - Enter 1/3 of the amount from the 2020 distribution in both boxes for Line 17
The 1/3 of the amount from the 2020 distribution will be entered on the 2021 Form 1040 Line 4b if from an IRA or on Line 5b if from a retirement plan other than an IRA
