How do I spread the tax liability of a CARES Act withdrawal over 3 years on Turbo Tax, it is putting all tax liability on this year

[LisaOD]

Where is this screen??  It is assuming I only want one third, but I want to pay tax on the whole thing this year.

[ThomasM125]

@LisaOD When you enter your form 1099-R, you will come to a screen that says Was this withdrawal due to COVID-19 or a Qualified Disaster Distribution?, that is where you can choose No, this was not a Qualified 2018, 2019 or 2020 Disaster Distribution. That will allow for the full distribution to be taxable in the current year.

[macuser_22]

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@LisaOD wrote:

Where is this screen??  It is assuming I only want one third, but I want to pay tax on the whole thing this year.

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The answer by @ThomasM125  will indeed tax it all this year but will not eliminate the 10% penalty if you are under age 59 1/2, it must be COVID related to do that.

If you are using the online version then:  Try deleting the 1099-R and the 8915E form and re-enter the 1099-R?

https://ttlc.intuit.com/community/accessing/help/how-do-i-view-and-delete-forms-in-turbotax-online/0...

If using the CD/download desktop version then switch to the forms mode and select the 8915E form and near the bottom of Part I you will find "Taxable 3 year spread Worksheet"  Check the box to pay it all in 2020, uncheck to spread over 3 years.

[Adrielodonato]

I also am not seeing the ability to spread it over 3 years even though I qualify under the CARES act. Is there a reason why I do not have this option.