artp Posted February 18, 2022 Report Share Posted February 18, 2022 Has the relief provision for waiver of 10% penalty and 3 year spread on early retirement distributions been extended for distributions made in 2021? Client took advantage of this for 2020 and early in 2021 he had to withdraw the balance of the funds in his retirement account. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted February 18, 2022 Report Share Posted February 18, 2022 Penalty waiver and 3-year spread provision was only for tax year 2020; it was not extended to cover tax year 2021. 2 Quote Link to comment Share on other sites More sharing options...
artp Posted February 18, 2022 Author Report Share Posted February 18, 2022 Thanks for the quick reply..much appreciated Quote Link to comment Share on other sites More sharing options...
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