mtnmom2
Level 2
02-02-2021
01:23 PM
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How is the software accommodating these provisions that qualified IRA withdrawals under the CARES ACT can be spread out over 3 years?
I have a 1099-R w/ a 1 in the distribution code. Is that correct?
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TaxGuyBill
Level 15
02-02-2021
02:16 PM
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The 1099-R is correct.
You will need to use Form 8915-E, but I'm not sure if that is available yet in Lacerte.
You might also need to waive the 10% penalty using Form 5329 (code 12).
mtnmom2
Level 2
02-02-2021
02:33 PM
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thank you!
