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SchraderJJ
Returning Member

What amount do we enter in the gross distribution for 1099-R if we took the dist in 2020 but need to pay the 1/3 taxes in 2021?

 
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1 Reply
ColeenD3
Expert Alumni

What amount do we enter in the gross distribution for 1099-R if we took the dist in 2020 but need to pay the 1/3 taxes in 2021?

You would not get a 1099-R for the 2020 distribution in 2021. You would merely indicate the amount of repayment in the program.

 

Once the section is available follow these steps to report any further tax to be paid: 

  1. Login to  TurboTax 
  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?"
  5. Answer "Yes" to the "Have you ever taken a disaster distribution before 2021?" screen.

You will be guided through the screens

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