Question
How to input the 1/3 deferred income from a 2020 COVID disaster relief distribution
Client took up to $100K distribution in 2020, elected to defer the reporting over 3 years, and repaid 1/3 of it before filing the 2020 return, so no tax implication in 2020 and form 8915-E filed. For 2021, taxpayer has opted to recognize the next 1/3 in income. Lacerte correctly shows the carry over information from 2020, but I cannot find a means of inputting the 1/3 taxable amount for 2021. Where is this input?
