Revenue Procedure 2020-50

[tcerny51]

Does anyone know whether the Revenue Procedure 2020-50 was incorporated into the ProSeries Basic or is this something we have to

[ThuggaB]

good question 

[Just-Lisa-Now-]

For corona virus retirement distributions? 

When you mark that the 1099R worksheet that it was a Covid disaster distribution, then the 8915E gets generated

Is that what youre asking?

[tcerny51]

No, for depreciation

[Just-Lisa-Now-]

Please provide more details to your question, nobody wants to go digging for information to help you.

2020-50 was about Covid retirement distributions.

https://home.kpmg/us/en/home/insights/2020/06/tnf-notice-2020-50-retirement-plan-distributions-and-l...

[qbteachmt]

Notice vs Rev Proc vs, well, all the other pronouncements.

Here: https://www.journalofaccountancy.com/news/2020/nov/irs-guidance-bonus-depreciation-rules.html

It's from Nov 2020.