dmertz
Level 15

Retirement tax questions

Yes, this would be refunded upon filing the amended tax return.  If the bill becomes law as currently written, this income will also be able to be spread over 3 tax years should you choose to do so, so you might be able to get back more with the amendment of your 2018 tax return than just the penalty but have to include more in income on your 2019 and 2020 tax returns.