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Phil162
New Member

Will I get a 1099-R for tax year 2021 for my 2020 Coronavirus 401k distribution? I originally elected to pay my taxes over 3 years.

There are no clear directions on how to pay the the second 1/3 tax installment for 2021.  Do I need to re-enter my 2020 1099-R on the 2021 tax return somehow?
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1 Reply
ColeenD3
Expert Alumni

Will I get a 1099-R for tax year 2021 for my 2020 Coronavirus 401k distribution? I originally elected to pay my taxes over 3 years.

No, you would not re-enter your 2020 1099.

 

Once the section is available follow these steps to report any further tax to be paid:

 

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

You will be guided through the screens.

 

 

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