omega106
Level 1
03-24-2022
02:45 PM
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Hello, does any one know how to report the full amount of the distribution on form 8915-F if the client wants to report it all this year. They do not want to have to deal with this another year.
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Level 15
03-24-2022
02:57 PM
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Im not sure you can. Will the 8915 allow you to change the amount?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
qbteachmt
Level 15
03-24-2022
04:16 PM
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Your title asks about Repay. But your content is for reporting the remaining 2/3 as income, all in the second year?
The taxpayer did not opt out of the three-year spread. There is no provision to change that now. You could amend 2020 and put it all there, of course. Make sure to opt out of the three-year spread.
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Don't yell at us; we're volunteers