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Retirement tax questions
Yes, you will enter the repayment of the 2020 Covid distribution in the retirement section only:
- Click "Federal Taxes" on the top and select "Wages & Income"
- Click "I'll choose what to work on"
- Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)"
- Answer "No" to the question "Did You Have Any of These Types of Income?" if you didn't have a Form 1099-R for 2021 (If you have a Form 1099-R then enter all 1099-Rs and after entering your last 1099-R click "Continue" on the “Your 1099-R Entries” screen)
- Answer "Yes" to the "Did you take a disaster distribution in prior years or repay…" screen
- Answer "Yes" on the "Did you take a 2020 Qualified Disaster Distribution" screen
- Check the box next to "If this was a Coronavirus-related distribution reported in 2020 check here" and enter your information from your 2021 Form 9815-F, and then continue.
- Enter the repayment on the "Did you repay any 2020 Qualified Disaster Distribution in 2022?" screen
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April 18, 2023
2:00 PM