topic Covid distribution from 401k in Retirement tax questions

Covid distribution from 401k

Inquisitivequinn — Tue, 24 Feb 2026 03:25:02 GMT

We withdrew a 401k in august of 2020.

I haven’t filed my 2022 taxes but if I make a payment this week in 2023 will it be applied to next tax year or do I amend my 2022 return to show a repayment?

or can I amend a 2020 return to elect it all be claimed at once instead of spilt.
thanks

Re: Covid distribution from 401k

dmertz — Fri, 10 Mar 2023 13:23:57 GMT

If you make a repayment before filing your 2022 tax return, you would need to modify (not amend) your 2022 tax return to reflect that before filing. If you repay amounts that were taxed in previous years (2020 and 2021), you would have to amend those years' tax returns.

Re: Covid distribution from 401k

Inquisitivequinn — Fri, 10 Mar 2023 15:04:59 GMT

So even if I make a payment in the year 2023 I won’t need to wait to claim on 2023 taxes? I just want to make sure if I make it now I can include it on year 2022 taxes for the last of the 3 year election.

Re: Covid distribution from 401k

dmertz — Fri, 10 Mar 2023 20:43:10 GMT

Repayments made in 2023 before you file your timely-filed 2022 tax return are to be included on your 2022 Form 8915-F.