qbteachmt
Level 15
02-09-2021
05:24 PM
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The 8915-E is for the Election to take the income as taxable in the year distributed or not.
"Generally, a qualified 2020 disaster distribution is included in your income in equal amounts over 3 years. However, if you elect, you can include the entire distribution in your income in the year of the distribution."
That doesn't control the 10% early distribution penalty.
Perhaps you meant Form 5329?
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
