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    1099-R COVID distribution

    PattiV
    Level 1
    ‎04-13-2021 07:30 PM

    Is there an AGI phase out for the COVID related retirement distribution rules? I have a millionaire client who says he qualifies because he had a salary reduction for 4 months. He says that caused him to have adverse financial consequences. Please tell me millionaires are not eligible.

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    3 Comments 3
    qbteachmt
    Level 15
    ‎04-14-2021 11:32 AM

    Read the Form 8915-E instructions:

    https://www.irs.gov/pub/irs-pdf/i8915e.pdf

     

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    PattiV
    Level 1
    ‎04-14-2021 12:21 PM

    THANK YOU

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    KylieCampbell
    Level 1
    ‎04-22-2021 07:04 AM

    Thx you for sharing!

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