How much do i report on the gross distribution if i'm planning to spread it over 3 years? i took out $11,700, do i put that amount or do i divide it by 3 and put 3,900
so confused
03240
3 Replies
DoninGA
Level 15
Feb 27, 2021 4:05:06 PM
You enter the Form 1099-R Exactly as received. Once you finish the 1099-R entry you will be asked a series of questions concerning the withdrawal. A couple of those questions will concern Covid-19 and how you want to report the withdrawal.
macuser_22
Level 15
Feb 27, 2021 4:05:51 PM
You enter the 1099-R and select that it was COVID related distributions and answer the questions. The 3 year repayment is done the the 8915-E form by TurboTax.
fanfare
Level 15
Feb 27, 2021 5:11:53 PM
TurboTax still has problems handling this correctly.