Three year average of tax due from an IRA distribution due to COVID

Forum|Forum|5 years ago
March 2, 2021
5 replies
12 views

Client took a distribution from her IRA, not an RMD due to COVID. Can the tax be spread over three years

This topic has been closed for replies.

Best answer by dd4vols

in the words of the very famous Boy George,,,, Comma, comma, comma..Comma Chameleon!!!

sjrcpa

Level 15

Client took a distribution from her IRA, not an RMD due to COVID

Should this read:

Client took a distribution from her IRA, not an RMD, due to COVID

If so, yes.

The more I know the more I don’t know.

dd4vols

Answer

Intuit Community Champion

in the words of the very famous Boy George,,,, Comma, comma, comma..Comma Chameleon!!!

If an answer solves your issue, click on the "Mark as Best Answer" button! Makes it easier for people to find answers to similar questions that have already been posted.

dkh

Level 15

@dd4vols some useless information for you My daughter has a Tshirt with the comma punctuation marks and a chameleon on it....... wish I had one too

T

TaxGuyBill

Read the Instructions for Form 8915-E to see who a qualifying person is. If your client meets definition, yes, the income tax can be spread out over 3 years.

N

nmr12354Author

Level 4

Thank you

Nick Ranieri

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