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Retirement tax questions
"If you did a 60 day rollover then it is not a COVID related distribution at all, just a simple rollover. Say it was not COVID related and then say you "moved" the money and rolled it (or part of it) . over."
This cannot be correct.
If you were affected by COVID then your distribution can be designated COVID related by filing Form 8915-E.
It doesn't matter that you rolled it over in part within 60 days. in fact, you have three years to pay it back,
and you have until the due date of your 2020 return, including extensions to pay back a portion for 2020.
Q. what's the difference between a rollover of part and a payback of part?
A. None.
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March 10, 2021
2:26 PM