Jtax LLC
Level 3
03-24-2022
11:16 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Before I tell this couple how much they owe, I want to ask if the new 8915-F includes an exemption of the 10% for retirement distributions made in 2021? The distribution was all in 2021, not 2020.
Labels
IRonMaN
Level 15
03-24-2022
11:36 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
That ship sailed last year. They missed their boat ride.
Slava Ukraini!
qbteachmt
Level 15
03-24-2022
12:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"I want to ask if the new 8915-F includes an exemption of the 10% for retirement distributions made in 2021?"
Yes, that form is for Disaster Years 2021 and later.
"The distribution was all in 2021, not 2020."
Then they must have a qualifying Disaster. covid is not one of these; that expired Dec 31, 2020.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
