Form 8915F is carrying forward to 2021 the repaid amount of coronavirus distrbution from 2020, reducing the 2021 taxable amount by the repayment from 2020. How to fix?
Form 8915F is carrying forward to 2021 the repaid amount of coronavirus distrbution from 2020, reducing the 2021 taxable amount by the repayment from 2020. How to fix?
Client received coronavirus distribution and elected to include in income over 3 years. In 2020 client repaid part of the distribution, but did not repay any in 2021. The taxable amount showing is the same as 2020, but should be 1/3 of the original distribution amount. How are you handling this in ProSeries?
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