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nick125
Returning Member

401k withdrawal - how do I elect NOT to spread the taxable amount over 3 years

I took a 401k withdrawal and meet the covid provisions. Turbo tax is automatically deferring the taxable income over 3 years. I am afraid that will screw me up the next 2 years when my income "hopefully" returns to normal and I have $x taxable amount from the 2020 distribution added with no tax taken out on that amount (since 100% of the tax I already paid is being applied to my 2020 return). The 8915-E form has a box that says "If you elect NOT to spread the taxable amount over 3 years" but how to I get Turbo Tax to click it?! HELP! Thank you!

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