Always_Learning
Level 3
03-25-2022
02:07 PM
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I have a taxpayer asking if it is possible to pay on the balance of the 1099r that was split in three years in 2020?
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abctax55
Level 15
03-25-2022
02:11 PM
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Nope
As was asked/answered a few posts ago... it was an election made on the 2020 return. You can't 'unelect'
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Always_Learning
Level 3
03-25-2022
02:19 PM
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I didn't think so. Thank you for the confirmation.
qbteachmt
Level 15
03-25-2022
04:20 PM
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I thought it was determined you can amend 2020 and opt out of the three-year spread. Now they owe all of the remaining tax.
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