Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

three year spread of hardship, does the federal tax get spread over three or just current year

dsimo1269
Level 1

hardship question

Labels (1)
0 Cheers
4 Replies 4
qbteachmt
Level 15

No spread of tax. Any tax paid in is no different than any withholding or estimates; it's against the current year Total owed. If there is overpayment, you can select to let it ride to 2021, as usual.

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers
dsimo1269
Level 1

THANX

0 Cheers
TaxGuyBill
Level 14

Just to clarify, spreading out the distribution is not for a "hardship".  It is for specific situations for a person in relation to COVID (see the instructions for Form 8915-E).

dsimo1269
Level 1

IT IS COVID RELATED

0 Cheers