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How can i pay the taxes over 3 years vs paying it on this return for COVID-19 relief withdrawal? It won't let me unselect the option.

I wanted to see how much of my return it would take if I just paid all of the taxes this year vs spreading it out but now I can't go back to spreading it out over the 3 years.
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1 Reply
DanaB27
Expert Alumni

How can i pay the taxes over 3 years vs paying it on this return for COVID-19 relief withdrawal? It won't let me unselect the option.

Please follow these steps to get back to the election to spread the COVID distribution over 3 years:

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R” you should see the “Review your 1099-R info” screen and will click "continue"
  4. Continue until "Do you want to pay all the tax this year?" screen
  5. Uncheck "Pay entire tax on all COVID-19 retirement distribution in 2020"
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