COVID and Retirement Distributions

[curthale14]

While answering the COVID relief questions as it related to my Retirement Distribution, how do I select to have my taxes spread out over 3 years? I see where I can have the taxes paid all at once, but not spread out. Is TT doing the 3 year adjustment automatically?

[LenaH]

No. The Covid-19 distribution, which can be spread over 3 years, is an election taken on the screens after you input your 1099-R.

You can change your election in TurboTax by following these steps:

1. Open your return. 
2. Search 1099-R with the magnifying glass tool on top of the page.
3. Click on the Jump to 1099-R link at the top of the results.
4. Answer yes to the question Did you get a 1099-R in 2020?
5. Click continue to the page Get ready to be impressed.
6. Follow the on-screen instructions.
7. On the page Tell us if any of these uncommon situations apply, remove the check mark next to the statement I took out this money because of a qualified disaster (Covid-19).