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quezadma
New Member

How do I report a 1099-R distribution from 2020 for my 2021 taxes ? It was a from qualified 2020 distribution for coronavirus for total $15k and repayment over 3 yrs

In 2020 I withdraw  $15k under the 2020 Care Act  and in 2020 reported $5k, and now I want to report another $5k but not sure how to do that since I only have on 1099-R from 2020
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3 Replies
MaryK4
Expert Alumni

How do I report a 1099-R distribution from 2020 for my 2021 taxes ? It was a from qualified 2020 distribution for coronavirus for total $15k and repayment over 3 yrs

You can go to the 1099-R section of Wages and Income- It will ask if you have any 1099-Rs for 2021 just say No and continue. You will then see  the screen below asking if you took a disaster distribution before 2021?  Unfortunately, at the moment this section is waiting for finalization so you will have to check back.  (We are all waiting patiently for this.)

 

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How do I report a 1099-R distribution from 2020 for my 2021 taxes ? It was a from qualified 2020 distribution for coronavirus for total $15k and repayment over 3 yrs

Following, because I'm also waiting for this information. Does anyone know if there's a way to be notified when Turbo Tax has released this update?

Cynthiad66
Expert Alumni

How do I report a 1099-R distribution from 2020 for my 2021 taxes ? It was a from qualified 2020 distribution for coronavirus for total $15k and repayment over 3 yrs

@AJpaystaxes

No.  You will have to check back every few days to see if the software has been updated.  Oce it is updated, you will be able to successfully file your return.

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