The 3rd installment of the Cares Act. I answer "no" to receiving a 1099R, but "yes" to taking a 2020 disaster distribution. How to show the 3rd installment as income?

pj3seneff · ‎March 19, 2023

I have taken no other disaster distribution. Why does it keep telling me to go back to the 401(k), IRA module? The 3rd taxable amount is not even showing as income.

MarilynG1 · ‎March 19, 2023

If you transferred your 2021 info into your 2022 return, the amount for the one-third disaster installment income may automatically be included. If not, you can enter the amounts from your 2021 return (screenshot). When TurboTax asks for 'type of disaster' leave this blank.

If you're using TurboTax Online, go to Tax Tools Tools and select 'View Tax Summary'. Back at the left-side menu, choose 'Preview My 1040'.

The amount you are being taxed on this year for your 2020 Disaster Distribution will be included in the amount on Form 1040, Line 5b, Taxable Amount of Pensions and Annuities.

@pj3seneff

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

The 3rd installment of the Cares Act. I answer "no" to receiving a 1099R, but "yes" to taking a 2020 disaster distribution. How to show the 3rd installment as income?