Reporting second year of 2020 Cares Act 1099-R. Is TT calculation correct? Seems to me 1/3 of 24 is 8/year for 3 years, no?
Yes, if you spread it over 3 years then it should be $8,000. Please verify that you have the box checked next to "If this was a Coronavirus-related distribution reported in 2020 check here". Then make sure you enter the amount from Form 8915-E, line 9 twice (if it was not from an IRA) or enter the amount from Form 8915-E, line 17 twice (if it was from an IRA). The amount on line 9 or 17 should be $8,000 if your Form 8915-E was filed correctly.
Please review your entries: