Retirement tax questions

 

@JGH55 

"TurboTax had me report the entire amount of my CARES distribution in 2020 as 1099-R income."

 

There's nothing to report on your 2021 tax return.

 

"I also made a repayment in 2021 and plan to again in 2022"

 

repayment is allowed only for a disaster distribution or a covid distribution.

You must report a disaster distribution or covid distribution on 2020 Form 8915-E.

You have to amend your 2020 tax return to include Form 8915-E, and also show the amount of repayment.

If you make another repayment in 2022, you'd have to file another amended 2020 tax return.

 

Note: your 2020 distribution is a covid distribution only if you met the criteria of being affected by COVID-19.