topic 2020 Covid 19 withdrawal; I had 2 1099R, one was from the Regular account the other was the ROTH. My (almost)completed return shows 2/3 of my total withdrawal being taxed this year. I selected to split it up over 3 ye. Am I entering the info incorrectly? in Get your taxes done using TurboTax

2020 Covid 19 withdrawal; I had 2 1099R, one was from the Regular account the other was the ROTH. My (almost)completed return shows 2/3 of my total withdrawal being taxed this year. I selected to split it up over 3 ye. Am I entering the info incorrectly?

MiloK41 — Thu, 11 Mar 2021 19:00:47 GMT

Re: 2020 Covid 19 withdrawal; I had 2 1099R, one was from the Regular account the other was the R...

ErnieS0 — Thu, 11 Mar 2021 20:21:22 GMT

Possibly. Did you complete the COVID-19 questions for both 1099-Rs? Check your entries again for both 1099-Rs.

Type 1099-r in Search in the upper right
Select Jump to 1099-r
Review each 1099-R

Re: 2020 Covid 19 withdrawal; I had 2 1099R, one was from the Regular account the other was the R...

MiloK41 — Sun, 14 Mar 2021 09:32:27 GMT

Thanks for the reply ErnieS0,

After getting the 8519E form updated I noticed the 8915B form attached to my return. I had a withdrawal for Hurricane Disaster in 2017. I paid 1/3 of the $100,000 in 2017, 2018 and 2019, it is taxing me on $33,333 again in 2020, per the (not finalized form) 8915B.

I did have the information imported from my last years return, if I enter all my information manually, will I be able to drop the 8915B form? Or should I wait till it has a final update, to see if it corrects?

Thanks in advance

Re: 2020 Covid 19 withdrawal; I had 2 1099R, one was from the Regular account the other was the R...

AmyC — Wed, 17 Mar 2021 21:14:38 GMT

Some people took their 2017 distribution in 2018 and that is triggering the 8915-B. If you are not one of those people, then it should not be attaching to your return. If the program believes you should be reporting it, the form will not stay deleted. You need to verify your entries in the program are not marked for the 2018 distribution.