10% penalty was waived on the full amount drawn for covid when you filed your 2020 return. You are simply spreading the taxable draw over a period of three year...
TT is more likely calculating a 10% penalty (incorrectly). Once 8915-F becomes available in TT, 1/3 of your covid draw should be the only portion that is taxabl...
You will need to file Form 8915-F for 2021 return to report the taxable amount from the Covid-qualifying withdrawal made in 2020 that was reported on your 2020 ...
