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New Member
posted Feb 27, 2021 4:02:42 PM

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

0 3 240
3 Replies
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. 

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.

Level 15
Feb 27, 2021 5:11:53 PM

TurboTax still has problems handling this correctly.