Retirement tax questions


@mcbishop17 wrote:

Now I'm trying to fill out my taxes since the form is now available. 

 

Since the withdrawal was from 2020, I did not receive a 1099-R in 2021.

 

How do I enter any information about the withdrawal being split over 3 years if the only 1099-R I have is from 2020?

 

Also, the amount should have been divided up into 3 parts, but on the page where it shows my income comparison for 2020 & 2021, the full amount of the withdrawal shows under 2020.  Shouldn't it just be 1/3 of the amount over 2020, 2021, & 2022?

 

 


If you had a Covid-19 related distribution in 2020 and selected to spread the distribution over 3 years -

Answer No when asked if you received a Form 1099-R in 2021, if you did not receive the form

Answer Yes when asked if you took a disaster distribution

Answer Yes when asked if you took a Qualified 2020 Disaster Distribution

Check the box that this was a Coronavirus-related distribution reported in 2020

 

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