Can I pay tax on 2/3 amount of 401k withdrawal under cares act?

[Mohit]

In 401K withdrawal section, when i go through covid questionnaire, It ask me only to either pay tax on whole amount or distribute over 3 years.

Is it possible to pay tax on 2/3 withdrawal amount instead of 1/3 amount this year?
Will there be option coming up for this?

** I'm using website to file tax

[fanfare]

no. it's 33 and a third or 100%.

[dmertz]

One way to pay tax on 2/3 of the distribution with your 2020 tax return is to repay 1/3 of the distribution before the due date of your tax return, including extensions, and include the entire remaining 2/3 as income on your 2020 tax return.

Another way works only if the distribution is not subject to an early-distribution penalty without claiming it as a CRD.  You would report half of the distribution as a CRD and choose to include this in income in equal parts on your 2020, 2021 and 2022 tax returns and report the other half as an ordinary distribution, including all of that portion in income on your 2020 tax return.

1/2 + 1/3 * 1/2 = 3/6 + 1/6 = 4/6 = 2/3