qbteachmt
Level 15
02-06-2024
03:01 PM
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Did you read the sections referred to in this document:
https://www.irs.gov/pub/irs-drop/n-05-92.pdf
You have to know if your taxpayer elected to report the distribution entirely in 2020, or let it be spread over the three years, as well. The repayments are essentially rollovers, so you should get the 5498 for each year of repayment, to confirm.
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Don't yell at us; we're volunteers