Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 12, 2021 9:30:29 PM

Software does not ask whether early withdrawal taxis to be paid over 3 years

No question about spreading tax payments over 3 years

0 1 162
1 Replies
Expert Alumni
May 13, 2021 10:00:47 AM

In order to spread the early distribution over three years instead of including it all on the 2020 tax return, it must have been made due to Covid-19.  There is a series of follow-up questions that you will need to answer to be certain that you qualify for the special tax treatment.

 

See the following TurboTax article for more details and information:  

 

What is Form 8915-E Qualified 2020 Disaster Retirement Plan Distributions and Repayments?