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Level 3
February 21, 2022
Question

cares act deferral of ira income

  • February 21, 2022
  • 1 reply
  • 22 views

Sorry if this is a repeat but search results are just boolean to me. ~:-)

Where on the 1040 or schedules for 2021 do you input the 1/3 deferred IRA distributions postponed from 2020 to include it into this year's TI?

Is it a no brainer or a force square peg into round hole? Checked a bunch o' forms/schedules but no place I could find.

Client had a 1099R issuer in 2020 screw it up, refuse to correct, and had to force it through the program and then file a paper return because I couldn't correct the override to software's state of nirvana to allow e-file. Betcha the feds haven't even got to it yet ~:-o

Many happy returns,

steve t

 

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1 reply

Accountant-Man
Level 13
February 21, 2022

Many posts here about Form 8915 F.

** I'm still a champion... of the world! Even without The Lounge.
Level 10
February 21, 2022

Which is not yet available for use in Pro Series.

Most of us are presuming that the amount from 2020 to be reported will not be automatically carried over (particularly if you have transferred your return from 2020 before the software is updated for the 8915-F) so you will need to be aware of which of your clients are affected.

geezerAuthor
Level 3
February 21, 2022

thanks jeff! your reply was very helpful 5 stars!