Thank you this was very informative. However when this part is reached in TurboTax it says it will be spread out 2 years not 3. Is this an error?

Doing it this way provides no assurance the tax penalty will be split up in 3 years. It actually only specified 2 years as an option to spread out the income bu...

How do you choose to pay the covid taxes back over 3 years? The help content says you can report the income over three years and gives the example of, if you wi...