Just-Lisa-Now-
Level 15
Level 15

By the IRS instruction Covid related distributions should be reported on the 8915E not just the 5329, there's a few other threads on this.

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/re-10-early-withdrawal-...

if you look at Notice 20-50 bottom of page 11 it says:

A qualified individual receiving a coronavirus-related distribution is entitled to the following favorable tax treatment with respect to the distribution by reporting the distribution on the individual’s federal income tax return for 2020 and on Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments (or if there is no federal income tax return for 2020, by filing just Form 8915-E).1 First, the 10% additional tax under § 72(t) (including the 25% additional tax under § 72(t)(6) for certain distributions from SIMPLE IRAs) does not apply to any coronavirus-related distribution.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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