SamS1
Expert Alumni

Retirement tax questions

There seems to be some problems with the NYS filings and retirement plan distributions due to the pandemic.  Its getting worked on.  Keep watching the community for updates and If I hear anything, I will let you know.  

 

The 8915-E is being used for penalty relief from early retirement plan distributions and include the option to spread the distribution income over 3 years.  This may be a good option if the distribution is pushing you into a higher marginal tax bracket.  You may end up paying less tax if you spread the distribution over the 3 years