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Spreading out 401k repayments

I used my 1099R to claim 1/3 of my 401k withdrawal on my 2020 tax return.  Do I use this same 1099R this year and next year as well, to claim the 2nd third, and the last third? 

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1 Reply
DanaB27
Expert Alumni

Spreading out 401k repayments

No, you won't enter your 2020 1099-R but you have to answer questions in the Retirement section of TurboTax.

 

However, this section is not available at the moment because the IRS has not yet released the final version of Form 8915-F and you'll need to revisit this section later.

 

Once the section is available follow these steps to report any repayment:

 

  1. Login to your TurboTax Account 
  2. Click on the Search box on the top and type “1099-R”
  3. Click on “Jump to 1099-R”
  4. If you do not have any 2021 1099-R answer "No" to "Did you get a 1099-R in 2021?" (If you have any other 1099-R then enter all 1099-R and after entering your last 1099-R click "Continue" on the “Review your 1099-R info” screen)
  5. Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen
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