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cbb1979
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I took money out of my retirement in 2020 under covid and was wondering if I have to file my 1099R this time or can I wait to file it on my next return

 
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I took money out of my retirement in 2020 under covid and was wondering if I have to file my 1099R this time or can I wait to file it on my next return

You are posting from TurboTax Live.  You can arrange for the Live help you are paying the extra fee for with your questions from  5 a.m. to 5 p.m. Pacific time  Monday- Friday

https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

 

 

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**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

I took money out of my retirement in 2020 under covid and was wondering if I have to file my 1099R this time or can I wait to file it on my next return

You will get a 2020 form 1099-R ... failure to report it on the 2020 return will get you an IRS letter for sure ... even if you will repay the distribution in the next 3 years or defer the taxes over the next 3 years you must report it on the 2020 return ... they even have a new form for this situation. 

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