
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@ajtya - You get one 1099 in the year that the distribution was taken. The various 8915 forms are to allow you to repay without penalty and/or pay tax over 3 years on a pro-rata basis. I men the whole purpose of these forms we are all taklking about is so you can report to the IRS how YOU are choosing to pay taxes on it, or repay it, etc.
So one 1099 big distribution, 8915 forms over the next few years to carry that income forward. Purpose being so its not all taxable in the year it was withdrawn and/or allowing you to repay as a rollover for up to 3 years so you pay NO tax.
‎February 18, 2022
9:26 AM
7,835 Views