USA CARES & 2020 IRA Distribution

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CARES act allows for recognition of 2020 IRA distribution over 3 years. How is that election made on the tax return, or is it with the Manager?
 

BIG E

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There's a new IRS Form to address this issue - Form 8915-E
I suggest you go through these forms to get familiar with it


Form 8915-E - Internal Revenue Service
www.irs.gov › pub › irs-dft › f8915e--dft


PDF
Nov 9, 2020 — Form 8915-E only covers 2020 coronavirus-related distributions. The distribution must be made before. December 31, 2020. See instructions.



2020 Instructions for Form 8915-E - Internal Revenue Service
www.irs.gov › pub › irs-dft › i8915e--dft


PDF
Nov 9, 2020 — Use Form 8915-E if you were adversely affected by a qualified 2020 disaster and you received a distribution described in Qualified. 2020 Disaster ...
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What is an IRS Form 8915-E? – Guideline Inc.
success.guideline.com › en-us › articles › 3600488233...


2 days ago — IRS Form 8915-E, Qualified Disaster Retirement Plan Distributions and Repayments, will be used to report coronavirus-related distributions ...


Use Form 8915-E to report, repay COVID-related retirement ...
www.dontmesswithtaxes.com › 2020/11 › form-8915-e...


Nov 24, 2020 — It is Form 8915-E, which allows you to spread out the tax owed on these retirement payouts. The two-page form still is just a draft, hence the ..
 

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