Background: I took a cares act distribution in 2020 for $50k and spread it out over 3 years so 16,667 per year.
I'm in the Retirement Plans and Social Security > IRA, 401k, Pension Plan Withdrawls (1099-R) section.
I did not get a 1099 R this year (Calendar Year 2023 for 2022 Tax Year) because the distribution was made in 2020. So I just hit continue. Is this correct since I elected to take my distribution over 3 years?
- I choose Yes to "Did you take any distributions in a prior year OR repaid a prior year distribution in 2022."
- I chose No to taking a qualified disaster in 2021
- I chose Yes to (Name) had a 2020 Qualified Disaster and put in the amounts from my 2021 Form 8915F which is 16,667.
I just repaid my distribution 9/2023. Under "Did (name) repay any 2020 qualified Disaster Distribution in 2022?" , do I put the amount $16,667 even though I just repaid it? (I'm aware I need to amend my 2020 and 2021 tax returns.).
Why is it that whether I put in $0 or $16,667, my Federal Tax Refund doesn't change? Shouldn't my repayment mean my taxes should be lower for 2022?
thanks
