(5) INCOME INCLUSION SPREAD OVER 3-YEAR PERIOD.— (A) IN GENERAL.—In the case of any coronavirusrelated distribution, unless the taxpayer elects not to have
this paragraph apply for any taxable year, any amount
required to be included in gross income for such taxable
year shall be so included ratably over the 3-taxable-year
period beginning with such taxable year.

<shrug>

sjrcpa

Level 15

@rbynaker Rick, I put that MD/VA question on the MACPA listserve and got no response. There is a woman there who is a MD tax expert- she teaches a law school class in MD tax- and I was hoping she would chime in.

The more I know the more I don’t know.

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