Level 12
07-20-2022
07:28 PM
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I know about the rule where you can spread out over three years a COVID withdrawal but what are the mechanics when taxpayer says they want to pay a withdrawal back over three years.. if the entire amount was picked up in income in 2020 does the return get amended for the amount repaid in 2021, 2022, etc.. I did try and research this but I am still not clear on this.. thank you.
Best Answer Click here
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