RichardS77
Level 4
03-24-2021
03:14 PM
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A distribution from a qualified retirement plan due to the coronavirus pandemic is exempt form the 10% early withdrawal penalty. Plus I thought the taxpayer could spread the tax effect over 5 years. What if the taxpayer wants to pay all the taxes in the current year on that distribution? How is that entered in ProSeries?
Thanks in advance for you help.
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