Repaying 1099R covid distributions

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  • JoeyVegas
    Junior Member
    • Mar 2020
    • 20

    #1

    Repaying 1099R covid distributions

    Can taxpayers repay 2020 Covid distributions from 401k's in later years? I thought repayments had to be completed by 12/31/2020. Are repayments allowable in 2021 or 2022?
  • New York Enrolled Agent
    Senior Member
    • Nov 2006
    • 1531

    #2
    Yes - review IRS Notice 2020-50

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