I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

I owe a few grands in taxes and would like to spread them. I can't find an option to do so. I am using TurboTax online Premier.

Thank you.

posted

Connect with an expert

2 Replies

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

TurboTax will ask you if you were impacted by COVID.

Three year spread-out is the default.

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

@fanfare wrote:
Three year spread-out is the default.

What do you mean by that? I still see the full amount being taxed. Do I have to divide the total amount by 3 and input the result as the distributed amount instead of the full amount?

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

Do you have an Intuit account?

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

I owe taxes due to a COVID distribution: how do I spread what I owe over 3 years?

Unlock tailored help options in your account.

Get more help

Related Content