https://ttlc.intuit.com/community/tax-credits-deductions/discussion/paid-back-2-3-s-of-money-withdrawn-from-401k-for-covid-hardship-withdrawl-in-2020-how-do-i-represent/01/3362562#M323248 <P>Hello<SPAN>, </SPAN></P><P><SPAN>I took out a Covid Hardship withdrawl from my 401K in 2020 and elected to divide the tax liability over tax years 2020, 2021, and 2022. I jpaid back 2/3 of this distribution in 2022 and now would like to amend my 2021 tax return to remove the federal and state taxes and penalties that I owe. How do I amend and refile my 2021 tax return to indicate that I have repaid this distribution so my tax liability and penalties will be removed for that year?&nbsp;&nbsp;</SPAN></P><P><SPAN>Thank you</SPAN></P> Wed, 11 Feb 2026 09:37:49 GMT SprnklmeTT 2026-02-11T09:37:49Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/paid-back-2-3-s-of-money-withdrawn-from-401k-for-covid-hardship-withdrawl-in-2020-how-do-i-represent/01/3362562#M323248 <P>Hello<SPAN>, </SPAN></P><P><SPAN>I took out a Covid Hardship withdrawl from my 401K in 2020 and elected to divide the tax liability over tax years 2020, 2021, and 2022. I jpaid back 2/3 of this distribution in 2022 and now would like to amend my 2021 tax return to remove the federal and state taxes and penalties that I owe. How do I amend and refile my 2021 tax return to indicate that I have repaid this distribution so my tax liability and penalties will be removed for that year?&nbsp;&nbsp;</SPAN></P><P><SPAN>Thank you</SPAN></P> Wed, 11 Feb 2026 09:37:49 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/paid-back-2-3-s-of-money-withdrawn-from-401k-for-covid-hardship-withdrawl-in-2020-how-do-i-represent/01/3362562#M323248 SprnklmeTT 2026-02-11T09:37:49Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-paid-back-2-3-s-of-money-withdrawn-from-401k-for-covid-hardship-withdrawl-in-2020-how-do-i/01/3362648#M323258 <P>See this TurboTax support FAQ for amending a tax return -&nbsp;<A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=ld1n99kr" target="_blank">https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-a...</A></P> Wed, 22 May 2024 12:31:04 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-paid-back-2-3-s-of-money-withdrawn-from-401k-for-covid-hardship-withdrawl-in-2020-how-do-i/01/3362648#M323258 Critter-3 2024-05-22T12:31:04Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-paid-back-2-3-s-of-money-withdrawn-from-401k-for-covid-hardship-withdrawl-in-2020-how-do-i/01/3364171#M323304 <P>Assuming you made a timely repayment in 2022 (See Instructions)&nbsp; your 2022 tax return should show a repayment of 2/3, only 1/3 of which is useable. The remaining excess repayment of 1/3 can be carried back to 2021.<BR />Also, instead of carrying that portion of the excess repayment back to 2021, you can choose to carry it back to 2020.</P><P>&nbsp;</P><P>Step 2. Add this sentence. Enter "$_______<BR />carryback from [enter here the year the excess carryback<BR />occurred] Form 8915-[E or F, as applicable]" on the dotted<BR />line to the left of the line on which you are including the<BR />carried back amount.</P><P>--</P><P>did you have penalties?</P><P>Subtract any penalty from the amount you owe reported on original 1040.<BR />Don't try to include, but ignore, any new or changed penalty.<BR />IRS will calculate your new penalty on their own and will bill you.<BR />---</P><P>&nbsp;</P><P>Good Luck!</P><P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5604506">@SprnklmeTT</a>&nbsp;</P> Sat, 25 May 2024 16:46:14 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-paid-back-2-3-s-of-money-withdrawn-from-401k-for-covid-hardship-withdrawl-in-2020-how-do-i/01/3364171#M323304 fanfare 2024-05-25T16:46:14Z