Covid Relief 2021??

[artp]

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.

[Lynn EA USTCP in Louisiana]

Penalty waiver and 3-year spread provision was only for tax year 2020; it was not extended to cover tax year 2021.

 

[artp]

Thanks for the quick reply..much appreciated