Question about Form 1099-R, COVID Distribution and Form 8915F

Forum|Forum|4 years ago
March 29, 2022
1 reply
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So I got a 1099-R for my COVID-related disaster distribution from the summer of 2020. When I did my 2020 taxes last year I reported the 1099-R and decided to have the amount taxed over the 3 years (2020 - 2022). Now that I am doing my 2021 taxes, I did not get any other 1099-R, and I want to make sure that I do not need to enter the old 1099-R form when I get asked Did you get a 1099-R in 2021? (aka no) and can proceed? Also, how will I know that I will only get taxed one third this year just like last year? Any help would be greatly appreciated.

Best answer by DavidD66

You will not receive a 2021 Form 1099-R for your 2020 coronavirus related distribution. The entire distribution was reported on your 2020 1099-R. You do not need to re-enter the 2020 1099-R. You will be able to see on your return that you are only being tax on 1/3 of the total 2020 distribution. If you want to see the return before you file, you can do so by paying and then printing a copy of your return prior to filing.

DavidD66Answer

Level 15

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KG023Author

Level 2

Much appreciated, thank you for the clarification.

ColeenD3

Level 15

Follow these steps to report any further tax to be paid:

Login to TurboTax
Click on the Search box on the top and type “1099-R”
Click on “Jump to 1099-R”
If you do not have any 2021 1099-R answer "No" to "Did you get a 1099-R in 2021?"
Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen.

You will be guided through the screens.