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stormin63
Returning Member

Year 2 of 3 Taxes of IRA Distribution for Covid

I took a distribution from my IRA for Covid on my 2020 Taxes and spread the taxes over 3 years.  I don't see a way in the 2021 TurboTax to bring in the year 2 taxes of the 3 year plan.

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MinhT1
Expert Alumni

Year 2 of 3 Taxes of IRA Distribution for Covid

You will report the second taxable portion of your 2020 coronavirus distribution in the Retirement section under Wages and Income of TurboTax.

 

However, this section will only be available around March 31, 2022 and you'll need to revisit this section later.

 

Please see this TurboTax Help topic on IRS forms availability dates.

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