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CVD IRA distribution - year 2 tax

IHCPA
Level 2

I am trying to figure out how to report the 2nd year of the 3 year income spread from an IRA distribution that was a 2020 Coronavirus related distribution.  Can anyone help?

 

Thank in advance.

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1 Solution

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Just-Lisa-Now-
Level 15
Level 15

Open the 8915E, mark the 2020 Covid box at the top, then scroll down to Line 12 (non IRA) or Line26 (IRA) and enter the 1/3 payment amount.  That will transfer it to the 8915F and the front page of the 1040 where it goes.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

Open the 8915E, mark the 2020 Covid box at the top, then scroll down to Line 12 (non IRA) or Line26 (IRA) and enter the 1/3 payment amount.  That will transfer it to the 8915F and the front page of the 1040 where it goes.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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IHCPA
Level 2

Thank you for that!

 

Ian

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