Correct answer is option 3. |
Explanation: |
The Taxpayer's Age when the funds were distributed to the taxpayer is not covered under the circumstances for waiver by IRS. |
Question 44 of 78. The requirement to complete an indirect rollover in days may be waived....
Mark for follow up Question 45 of 75. Manuel's home was destroyed in Hurricane Irma and he qualified for a disaster distribution. He withdrew from his IRA on October 30, 2017, which he included in his gross income on his 2017 tax return. In 2015, Manuel was stieto deposit $60,000 in his IRA. What is the tax treatment of the $60,000 deposit? The deposit reduces his 2017 distribution. He will file a revised Form 8915B and an amended return for...