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Retirement tax questions
Dave,
a question on this topic. I took a Cares Act withdrawl from my 401K in 2020. Didn't receive the tax form in the mail and thus forgot to report it on that return. I didn't discover the oversight until early 2022 and repaid the distribution in full to my 401K in June 2022, but am now confused about whether I amend the 2020 return and include the repayment on the 2022 return or simply wait for the IRS to issue a letter and provide them with evidence of the repayment ie. what's the point of amending the 2020 return and paying tax on the distribution if I will receive it all back in 2022?). Thank you.
‎April 15, 2023
2:57 PM