nmr12354
Level 3
‎03-02-2021 11:14 AM

Client took a distribution from her IRA, not an RMD due to COVID. Can the tax be spread over three years 

0 Cheers
sjrcpa
Level 15
‎03-02-2021 11:16 AM

Client took a distribution from her IRA, not an RMD due to COVID

Should this read:

Client took a distribution from her IRA, not an RMD, due to COVID

If so, yes.


The more I know the more I don’t know.
TaxGuyBill
Level 15
‎03-02-2021 11:27 AM

Read the Instructions for Form 8915-E to see who a qualifying person is.  If your client meets definition, yes, the income tax can be spread out over 3 years.

nmr12354
Level 3
‎03-02-2021 11:48 AM

Thank you

 

Nick Ranieri

dd4vols
Level 10
Level 10
‎03-02-2021 12:13 PM

in the words of the very famous Boy George,,,, Comma, comma, comma..Comma Chameleon!!!

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.

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dkh
Level 15
‎03-02-2021 12:58 PM

@dd4vols    some useless information for you      My daughter has a  Tshirt  with the comma punctuation marks  and a chameleon  on it.......    wish I had one too