Can I get tax help on a distribution of an IRA when I lost my contracting job due to covid 19 when the company closed down? The money was used to live on/pay debt ?
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Can I get tax help on a distribution of an IRA when I lost my contracting job due to covid 19 when the company closed down? The money was used to live on/pay debt ?
I lost 10,000 to 15,000 and use the other to pay off debt. Business closed down completely for the year.
Can I get tax help on a distribution of an IRA when I lost my contracting job due to covid 19 when the company closed down? The money was used to live on/pay debt ?
Not sure what you are looking for ... the 1099-R should have a code 2 or 7 in box 7 so just enter the 1099-R as printed in the 1099-R section of the interview and complete ALL the following screens where you can choose your option to report it all on the 2020 return or split the tax over 3 tax years.
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