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Retirement tax questions
@cyndee5101 wrote:
Thanks.. so its up to me how I want to claim that income?
Yes. The income has to be claimed on your 2020 tax return using the new IRS Form 8915-E. You would be able to choose to report the distribution from the retirement plan over a three year period or the entire amount on your 2020 tax return.
‎October 1, 2020
7:38 AM