Q. My wife and I took out money from her 401(k) as a coronavirus-related distribution. We claimed the income on 2020 taxes with the 1099 sent to us. However, we used Form 8915-E and only paid ...

We claimed the income on 2020 taxes with the 1099 sent to us. However, we used Form 8915-E and only paid taxes on one-third of the income and we want to pay the rest over the next two years.

“You would also indicate on Form 8915-E any repayments made before you file your 2020 Form 1040, by the due date, including extensions,” he said. “If you make a repayment after the due date ...