How do I input 1099-R Distributions as taxable over three years under the CARES Act and prepare Form 8915F in a 1040 return using CCH Axcess™ Tax and CCH® ProSystem fx® Tax using worksheet view?
- Article Type:
- How To
- Last Modified:
- 11/05/2022
Objectives
Generate and populate Form 8915F deferral in an Individual return.
Environment
- Version: 2021-4.3
- CCH Axcess Tax
- CCH ProSystem fx Tax
- Individual
- 1040
- Worksheet View
Procedure
Input has been added to the IRS 1099-R to indicate the disaster, date of distribution and the amount to assign to the disaster.
- Go to IRA, Pensions, and Annuities (1099-R) worksheet.
- Expand Section 1 - Distributions from Pensions, Annuities and IRAs (IRS 1099-R).
- Select Detail.
- Expand Section 1- IRS 1099-R.
- Input applicable information.
- Expand Section 2 - Other.
- In Lines 22-24 - Disaster Information:
- In Column Code, select Coronavirus-related (FA).
- In Column Date, input date(s) of early retirement distribution to be deferred.
- In Column Amount Assigned, input amounts of early retirement distribution.
- Calculate the return.
Additional Information
| Solution Id | 000227493/000119354 |
|---|---|
| Direct Link |
