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Ggq
New Member

Covid Related Distribution Question

I took out $100k in 2020 from my 401k using the CARES Act Covid 19 Distribution and I opted to report it over 3 years.  For tax years 2020, 2021, and 2022, I claimed $33,333 each year on my taxes. I just realized that I should have reported $33,334 on one of those years so the whole amount equaled $100k.  Do I need to make an amendment?

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1 Reply
ThomasM125
Expert Alumni

Covid Related Distribution Question

No, the $1 error is insignificant so no need to amend your tax return.

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