Accountant-Man
Level 13
06-09-2021
04:11 PM
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Enter 100% of everything on 1099R. Check boxes on the 1099R to use the CARES Act and the income gets spread over 3 years on the 8915E.
100% of the federal tax withheld is used for 2020. If TP owes for 2021 and 2022, he/she/they need to pay estimates or increase withholdings.
Only the income is spread over 3 years.
** I'm still a champion... of the world! Even without The Lounge.
