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IRA to Roth Conversion with Cares Act. Covid Related IRA distribution converted to Roth IRA
I took a CRD ira distribution and converted it to a Roth IRA. Am I allowed under the Cares act to pay the tax over 3 equal years or not? Unclear help is found, while it is not outright disallowed, getting the forms 1099-R and 8915-E and 8606 do not allow the 3 year payment distribution. Any clear help on this would be appreciated. I am retired and the distribution qualifies, wife's business was seriously negatively impacted due to the pandemic.
ira
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March 4, 2021
5:05 PM