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Income spreading

shoover
Level 3

I have a client who's husband passed away in 2021 from Covid. After three years his estate settled in 2024 and my client got a large distribution from her deceased husband's retirement account. That distribution was reported on a 1099'r. Is there a way to spread the income over multiple tax years to reduce tax liability for this year?

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1 Comment 1
BobKamman
Level 15

Not if it wasn't rolled over to an inherited IRA.  Why the delay? Beneficiary was still the first wife?