https://ttlc.intuit.com/community/taxes/discussion/covid-withdrawal/01/2420003#M918025 <P>So I withdraw $ 81k in 2019, for COVID hardship. Paid tax on $27k in 2020 and plan to pay taxes on $27k rack in 2021 and 2022 returns. However I mistakenly returned $81k back to IRA in 2021 and within a month withdrawn it back from the IRA. How would it affect my 2021 tax return?</P> Wed, 26 Jan 2022 22:40:49 GMT roquiaha 2022-01-26T22:40:49Z https://ttlc.intuit.com/community/taxes/discussion/covid-withdrawal/01/2420003#M918025 <P>So I withdraw $ 81k in 2019, for COVID hardship. Paid tax on $27k in 2020 and plan to pay taxes on $27k rack in 2021 and 2022 returns. However I mistakenly returned $81k back to IRA in 2021 and within a month withdrawn it back from the IRA. How would it affect my 2021 tax return?</P> Wed, 26 Jan 2022 22:40:49 GMT https://ttlc.intuit.com/community/taxes/discussion/covid-withdrawal/01/2420003#M918025 roquiaha 2022-01-26T22:40:49Z https://ttlc.intuit.com/community/taxes/discussion/re-covid-withdrawal/01/2420063#M918026 <P>You're going to report the second part of the COVID withdrawal from your IRA on form 8915-F.&nbsp; That should be available in the TurboTax software on March 17th.</P> <P>&nbsp;</P> <P>How you're going to handle the accidental return and withdrawal of the 81K to your retirement plan will depend on how they plan documents it.&nbsp; If they send you a 1099-R for the withdrawal you should be able to show it as not an actual withdrawal.&nbsp; But hopefully they will simply regard it as a removal of a contribution and not send you a form for it for 2021 at all.</P> Wed, 26 Jan 2022 22:55:16 GMT https://ttlc.intuit.com/community/taxes/discussion/re-covid-withdrawal/01/2420063#M918026 RobertB4444 2022-01-26T22:55:16Z