gosencpa1
Level 2
02-02-2021
03:10 PM
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Is the 1099-R worksheet working for 2020 distributions. I am still getting the 10% penalty?
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IRonMaN
Level 15
02-02-2021
03:13 PM
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Use form 5329 and click on "other" for the reason if they qualify for the COVID exception
Slava Ukraini!
athaureaux6
Level 8
02-02-2021
04:59 PM
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Go to Form 5329, look for Distribution Not subject to additional Tax, find Letter L, enter the amount of the distribution and the software will transfer code 12 to line 2 waiving the penalty. Hope it helps.