topic Repaid my Covid IRA Distribution in Retirement tax questions

Repaid my Covid IRA Distribution

KTFaye — Mon, 23 Feb 2026 09:53:32 GMT

I took an Covid Distribution from my IRA in 2020. I filed the 8915 form for the tax year 2020 year to spread the payments out over the three years and reported 1/3 of the distribution. I repaid the full amount I withdrew and reported that for the tax year 2021. So for tax year 2022, I don't need to spread the payment out further and I would owe no tax as there was no distribution My question is for tax year 2022, it seems that I would report that I didn't take a distribution because the distribution was repaid. (in fact, it would seem I'm owed a refund on the tax I did pay in 2020)

Is that correct?

Re: Repaid my Covid IRA Distribution

dmertz — Sat, 28 Jan 2023 20:48:15 GMT

If you are asking in regard to questions asked in the Retirement Savings Contributions section, do not include the repaid Coronavirus-Related Distribution when asked if you took distributions in 2019 through the due date of your 2022 tax return. (I don't think that there is any other area where this question would be relevant, but if there is, treat the distribution as never having been made.)

If you have not already done so, you must amend your 2020 tax return to obtain a refund of the tax paid on the 1/3 of the distribution originally included in your taxable income for 2020.

Re: Repaid my Covid IRA Distribution

fanfare — Sat, 28 Jan 2023 21:39:52 GMT

You will file Form 8915-F but your carry forward from 2021 will zero out the taxable amount.

See the worksheets which are attached to Form 8915-F.

TurboTax doesn't have the 2022 Form 8915-F ready quite yet.

Why? don't ask.

@KTFaye

You will use up half your carry forward in 2022 leaving the rest to be carried back to 2020.

Re: Repaid my Covid IRA Distribution

KTFaye — Sun, 29 Jan 2023 02:27:43 GMT

Thank you, that's very helpful!

Re: Repaid my Covid IRA Distribution

KTFaye — Sun, 29 Jan 2023 02:29:06 GMT

Thank you, I just found that out today when I started my return! It looks like it's going to be another month, which is maddeningly unhelpful!