You will need to amend your 2020 return to report the 2020 1099R. That will generate the Schedule 8915-E into 2020 and then the information will transfer into your 2021 return, where you will declare 1/3 of the distribution and generate a 8915-F.
To amend 2020 if in Turbo Tax Online;
- Sign in to TurboTax.
- Scroll down to under Your tax returns & documents,
- Select Amend (change) 2020 return,
- Then Start amending my 2020 return.
- Then, select the reason you’re amending and follow the onscreen instructions.
- Once you are in your return, go to:
- income and expenses>Retirement Plans and Social Security
- IRA, 401(k), Pension Plan Withdrawals (1099-R)
- From here follow the on screen instructions carefully and then you will enter the information relating to the coronavirus disaster and once finished, you have deferred your income that is reported on a 8915-E.
@tax novice
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