Does anyone know whether the Revenue Procedure 2020-50 was incorporated into the ProSeries Basic or is this something we have to
good question
For corona virus retirement distributions?
When you mark that the 1099R worksheet that it was a Covid disaster distribution, then the 8915E gets generated
Is that what youre asking?
No, for depreciation
Please provide more details to your question, nobody wants to go digging for information to help you.
2020-50 was about Covid retirement distributions.
https://home.kpmg/us/en/home/insights/2020/06/tnf-notice-2020-50-retirement-plan-distributions-and-l...
Notice vs Rev Proc vs, well, all the other pronouncements.
Here: https://www.journalofaccountancy.com/news/2020/nov/irs-guidance-bonus-depreciation-rules.html
It's from Nov 2020.
