preparer227
Level 1
03-22-2021
09:41 AM
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I am getting very confused with the distributions for 2020. if you take a normal distribution from your retirement can you take it over 3 years. I understand code 1 and 2 qualify but does code 7. I have a 63 taxpayer who took 19000 withdraw and in box 7 it is 7 normal distribution
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qbteachmt
Level 15
03-22-2021
11:08 AM
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You have to read the provisions from the Form 8915-E instructions to see what qualifies as coronavirus disaster distribution.
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BobKamman
Level 15
03-22-2021
11:31 AM
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A Code 7 does not disqualify a taxpayer if the other conditions are met.
