Client rec'd 1099R for a Large Pension - Annuity distribution. Under the age of 59 1/2
Can this distribution be spread over a 3 year period or any amount of time for that matter
There was never any contribution towards this by the client
Did you read the Form 8915-E instructions?
https://www.irs.gov/pub/irs-prior/i8915e--2020.pdf
There are Limits, date ranges, etc. Including:
"Eligible retirement plan. An eligible retirement plan can be any of the following.•A qualified pension, profit-sharing, or stock bonus plan (including a 401(k) plan).•A qualified annuity plan.•A tax-sheltered annuity contract.•A governmental section 457 deferred compensation plan.•A traditional, SEP, SIMPLE, or Roth IRA."
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