Level 3

Question

What screen do I use to request retirement withdrawal is spread over 3 years?

Forum|Forum|5 years ago
January 9, 2021
4 replies
21 views

specifically, spreading the tax due on the withdrawal over 3 years.
which input screen?

Lacerte Tax

This topic has been closed for replies.

itonewbie

Level 15

~~You were given a correct response yesterday but you don't seem to have reacted to it. If you have anything to add, please add them to the original thread and refrain from duplicating your questions.~~

~~https://proconnect.intuit.com/community/lacerte-tax-discussions/discussion/what-lacerte-screen-is-used-to-elect-deferment-of-self/00/112981~~

Oops. Scratch that. Misread the question...

---------------------------------------------------------------------------------Still an AllStar

itonewbie

Level 15

I think you meant ratable income (rather than tax) inclusion. Look for Screen 13.1 under Form 8915.

---------------------------------------------------------------------------------Still an AllStar

itonewbie

Level 15

Note that the form is not available yet. Watch out for updates in future releases.

---------------------------------------------------------------------------------Still an AllStar

jctaxes

Level 3

I called Lacerte and that form won't be released at the end of February. Thank you.

abctax55

Level 15

@dvinegrad

Based on your posts, you appear to be new to Lacerte. This \|/ will help you:

Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).

Also, please be aware that this early in the game, not ALL (even most?) forms are ready.

HumanKind... Be Both

itonewbie

Level 15

@abctax55 wrote:
@dvinegrad
Based on your posts, you appear to be new to Lacerte. This \|/ will help you:
Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).
Also, please be aware that this early in the game, not ALL (even most?) forms are ready.

Exactly. The IRS has not even finalized their own forms and instructions for the tax software developers to follow.

---------------------------------------------------------------------------------Still an AllStar

qbteachmt

Level 15

I recommend you bookmark the Help articles listing:

https://proconnect.intuit.com/community/view-all-articles/07?product=Lacerte%20Tax

That should save you time and avoid the peer user volunteers having to look up and/or write out things that already exist.

Don't yell at us; we're volunteers

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