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    1099-R

    karenmiller
    Level 1
    ‎01-30-2021 12:06 PM

    I have client who withdraw $60,000 from his IRA.  He is retired - wants to spread the taxes over  3 years per the CARES act.    Did not have COVID and is retired.  Does he qualify to do this?

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    2 Comments 2
    qbteachmt
    Level 15
    ‎01-30-2021 12:40 PM

    "Does he qualify to do this?"

    Have you read the rules and provisions?

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    qbteachmt
    Level 15
    ‎01-30-2021 12:41 PM

    You should refer to the IRS:

    https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-...

     

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