- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
When checking the 2020 Coronavirus-related distribution on the 1099R worksheet, the software errors and says to update ProSeries (the reason). I have updated Proseries and it still is there.
When will this be fixed.
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Please look at the 2,500 posts about this topic already. ProSeries hopes 02/18/21 but the IRS has not finalized their end so it may be later.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You would think if there were 2,500 posts already, it would have popped up in the search when I made the post. I actually tried to do this instead of calling and thank you for the information.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hi Jeffrey, go to Form 5329. Scroll down a little bit. Enter the amount of the distribution on Line L. You will see the software will input code 12 on Line 2. And it should waive the 10% penalty. I already used it and it works. Thank you.