topic I took a 60,000 withdrawal under the cares act in December of 2020 and haven't paid any money back how do I file this on my taxes in Retirement tax questions

I took a 60,000 withdrawal under the cares act in December of 2020 and haven't paid any money back how do I file this on my taxes

neffanator — Mon, 23 Feb 2026 10:05:13 GMT

Re: I took a 60,000 withdrawal under the cares act in December of 2020 and haven't paid any money...

DavidD66 — Fri, 27 Jan 2023 03:19:20 GMT

f you took a Coronavirus-related distribution from a retirement plan in 2020, you would have to have reported this on your 2020 tax return using Form 8915-E Qualified 2020 Disaster Retirement Plan Distributions and
Repayments. This was required to claim the special tax benefits (spreading the income taxes over three years and no 10% early withdrawal penalty) for any qualified CARES Act Distribution. Your distribution would have been reported on a Form 1099-R, which you should have reported on your 2020 tax return. If you reported the distribution on your tax return, filed Form 8915-E, and elected to have the tax spread over three years, then you would file Form 8915-F in both 2021 and 2022 to report that year's portion of the tax. If you did not include Form 8915-E with your 2020 tax return, you will need to file an amended return.

Re: I took a 60,000 withdrawal under the cares act in December of 2020 and haven't paid any money back how do I file this on my taxes

fanfare — Fri, 27 Jan 2023 04:02:27 GMT

were you affected by COVID-19 in 2020?

if NO, you don't use Form 8915-E.

@neffanator

Re: I took a 60,000 withdrawal under the cares act in December of 2020 and haven't paid any money back how do I file this on my taxes

fanfare — Fri, 27 Jan 2023 04:06:34 GMT

If you already divided by 3.0

The 2022 Form 8915-F is not yet available in TurboTax.

you'll have to wait for it.

@neffanator