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Level 3
March 10, 2021
Question

three year spread of hardship, does the federal tax get spread over three or just current year

  • March 10, 2021
  • 4 replies
  • 17 views

hardship question

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4 replies

qbteachmt
Level 15
March 10, 2021

No spread of tax. Any tax paid in is no different than any withholding or estimates; it's against the current year Total owed. If there is overpayment, you can select to let it ride to 2021, as usual.

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dsimo1269Author
Level 3
March 10, 2021

THANX

March 10, 2021

Just to clarify, spreading out the distribution is not for a "hardship".  It is for specific situations for a person in relation to COVID (see the instructions for Form 8915-E).

dsimo1269Author
Level 3
March 10, 2021

IT IS COVID RELATED