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Level 3
March 25, 2022
Question

8915E

  • March 25, 2022
  • 1 reply
  • 4 views

I have a taxpayer asking if it is possible to pay on the balance of the 1099r that was split in three years in 2020? 

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1 reply

abctax55
Level 15
March 25, 2022

Nope

As was asked/answered a few posts ago... it was an election made on the 2020 return.  You can't 'unelect'

HumanKind... Be Both
Level 3
March 25, 2022

I didn't think so. Thank you for the confirmation.

qbteachmt
Level 15
March 25, 2022

I thought it was determined you can amend 2020 and opt out of the three-year spread. Now they owe all of the remaining tax.

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