Trevor reported a $63,000 coronavirus-related distribution on his 2020 Form 8915-E and spread the income over three years, 2020 through 2022. Trevor made repayments of $21,000 in 2020 and in 2021, but only made a repayment of $6,000 in 2022. How much of the distribution, if any, would Trevor be required to recognize as income in 2022? a. $63,000 b. $21,000 c. $15,000 d. $0

Trevor reported a $63,000 coronavirus-related distribution on his 2020 Form 8915-E and spread the income over three years, 2020 through 2022. Trevor made repayments of $21,000 in 2020 and in 2021, but only made a repayment of $6,000 in 2022. How much of the distribution, if any, would Trevor be required to recognize as income in 2022? a. $63,000 b. $21,000 c. $15,000 d. $0

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter10: Individuals: Income, Deductions, And Credits

Section: Chapter Questions

Problem 17P

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