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Retirement tax questions
Form 8915 -E is not yet finalized by the IRS. Please see this LINK.
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Yes, you may repay all or part of the corona virus-related distribution to an eligible retirement plan over a 3 year (2020, 2021, & 2022) period after the date of the distribution. You must qualify for IRS special tax rules under Cares Act:
- You are diagnosed with the SARS-Cov2.
- You are a spouse or a dependent of a person diagnosed with the virus.
- You experienced financial hardship related to the virus.
- Test must be done with an approved Center for Disease Control and Prevention.
[Edited 2/3/21| 7:00PM]
‎February 1, 2021
11:31 AM