How do I defer taxes on withdrawal from retirement account

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I am preparing a taxpayer return who took $85,000 from his retirement account. How do I defer the tax

payment for the next three years?

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dkh

Level 15

Form 8915-E

dd4vols

Intuit Community Champion

on the 1099-R, scroll down to the QUALIFIED DISASTER DISTRIBUTION SMART WORKSHEET, and click on the 2020 coronavirus box and the one below it, entire amount. Then go to the 5329-T, scroll down to the Distributions Not Subject to Additional Tax smart worksheet, and on line 11, enter the amount. Before leaving that page, make sure that Line 2 has code 12 in it, and the amount. Then go to the 8915-E, and at the bottom of Part 1, make sure the 3-year question is marked the way you want.

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Just-Lisa-Now-

Intuit Community Champion

You cant spread the withholding out over the 3 years, only the income.

(In case when you refer to "tax payment" you really mean withholding)

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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