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I only want to spread a portion of my ira distribution over 3 years on 8915E. How do I do that>

 
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MinhT1
Expert Alumni

I only want to spread a portion of my ira distribution over 3 years on 8915E. How do I do that>

One of the relief measures for Covid-19 is the option to spread the taxation of your retirement distribution (up to $100,000) over three years.

 

Please read this IRS document for more information.

 

To take advantage of this option, please follow these steps:

 

  1. Enter your form 1099-R normally.
  2. After entering your form 1099-R, click Continue until you reach the screen Do any of these situations apply to you?
  3. Check the box which says I took out this money because of a qualified disaster (includes COVID-19).
  4. Click on the radio button Yes this was withdrawn due to COVID-19 and click Continue.
  5. Follow the interview until you arrive at the screen Was this a withdrawal due to COVID-19 or a Qualified Disaster Distribution?
  6. Click on the radio button Yes this was withdrawn due to COVID-19 and click Continue
  7. Follow the interview until you arrive at the screen Does [name] want to pay all the tax this year?
  8. Click Continue and the taxation of your distribution will be spread over three years.
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