garytg
Level 1
06-09-2021
02:11 PM
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Follow-up question.
I have 3 boxes.
Box 1 - Gross distribution ($38k)
Box 2a - Taxable amount ($38k)
Box 4 - Federal income tax withheld (I paid the 10% penalty upfront)
If I decide to use it on my 20, 21, and 22 tax returns, how exactly do I use it?
Box 1 - $12,668
Box 2a - The full 38K or the same as Box 1 over the next 3 years?
Box 4 - The full $3,800 I paid or divide by 3?