IRS instructions say that Covid retirement distributions need to use Form 8915E, if you scroll down the 1099R worksheet you'll see the Covid section...I dont have the excerpt of the  instructions at my fingertips, but there have been several threads on this in the past 24 hours.

Yes go to Form 5329. write the amount of the distribution on Line L and the software will transfer code 12 to Line 2 waiving the penalty. If you look at the instructions of the Form for 2020, code 12 includes Coranavirus Related Distributions and they waive the penalty this year. 

Just to clarify, by using Form 8915E, Form 5329 and Code L wouldn't even be needed, would it?