Covid recontribution reporting related question

[mavericksn]

(1) I took a Covid withdrawal in Jul 2020, e.g. $30k and chose to make equal recontributions back within 3 years.

(2) In 2021 and 2022, before the tax deadline of April 15th, I recontributed $10k back to a 401k account and reported that in my tax filing.

(3) For 2023,

(i) I did file an extenstion to file taxes.

(ii) I did recontribute the last portion of $10k back, but I did so after April 15th, but before the 3 year deadline of my Covid withdrawal.

So, I guess my question is, do I report that recontribution in 2023 tax filing or not?, (which I am about to file now before the Oct 15th deadline)

Thanks so much

[dmertz]

This repayment goes on your 2022 tax return, the tax return that you are now preparing and are about to file, because the repayment was made before filing this 2022 tax return.  For confirmation, see page 5 of the instructions for Form 8915-F:  https://www.irs.gov/pub/irs-pdf/i8915f.pdf

[mavericksn]

I apologize for the mistake made in the question.

Yes, am referring to the return am about  to file, for the tax year 2022.

Do I include this recontribution done in 2023, even though it was done after April 15th 2023?

I wasn't sure of the terminology I seen somewhere with respect to inclusion/exclusion about recontributions done after April 15th of that year.

[dmertz]

"Do I include this recontribution done in 2023, even though it was done after April 15th 2023?"

Yes.  From the instructions for Form 8915-F:

Include on this year's Form 8915-F any repayments you made before filing this year's return. Any  repayments you made will reduce the amount of qualified disaster distributions reported on this year's return. Do not include on this year's Form 8915-F any repayments you made later than the due date (including extensions) for filing this year's return.

In this case, "this year's tax return" is your 2022 tax return.

[fanfare]

@dmertz 

according to the paragraph directly above,

"You have 3 years from the day after the date you received the distribution to make a repayment"

That says if you took a distribution on March 10,2020 you would have to repay by March 11, 2023. not October 15, 2023.

[dmertz]

@fanfare :  True, but mavericksn's CRD was made in August 2020 (info from a different thread) and repaid after April 18, 2023 but before the 3-year deadline.