qbteachmt
Level 15
03-12-2021
05:55 PM
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"and the amount as exempt it removes the amount from income also, not just the penalty."
Go to the 8915-E and select if your taxpayer wants to pay all the taxes in 2020 by reporting all of the income in 2020. Otherwise, the standard disaster treatment is the three-year allocation split you see there. Pick one.
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Don't yell at us; we're volunteers