Box 1 and 2a of the 1099R show the distribution amount.
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If you returned the full amount (including any taxes withheld with other funds) then please follow these steps:
You can verify your entry by looking at your Form 1040 line 5:
If you had taxes withheld and did not return the amount of taxes withheld then you will have to use Form-8915-E to avoid the 10% early-withdrawal penalty on that amount.
The 8915-E Form is projected to be e-fileable starting 02/24/2020. Please sign up here to get notified when Form 8915-E is ready.
Once the Form 8915-E is live please follow these steps to enter your 1099-R:
Those who qualify as individuals directly impacted by the pandemic will be able to withdraw up to $100k from their retirement accounts without facing the 10% early withdrawal penalty.
You qualify if:
You can choose to have the distribution taxed over 2020, 2021, and 2022 instead of only in 2020. You’ll have three years to pay back the funds you withdrew, without the amount impacting that year’s cap on contributions. If you pay back the amount within that time, you’ll be able to claim a refund on those taxes paid when you file an amended tax return. Please see IRS Coronavirus-related relief for retirement plans and IRAs for more details.
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