How do you enter waiver of 10% penalty from 1099R with code 1 for a coronavirus-related distribution
in ProSeries? Also how do you report distribution ratable over 3 years?
Solved! Go to Solution.
If you scroll down to the disaster section of the 1099R worksheet, you'll find that the required forms for the 3 year spread isnt available yet, were waiting on the 8915E
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Thanks. What about the waiver of the 10% penalty?
You need form 5329 for the exception as Other, as well as 8915-E for the deferral (or not) over 3 years.
Thank you so much. I thought on 5329 that was the right entry location.
ANy ideas on when these forms will be ready?
@mn11
"ANy ideas on when these forms will be ready?"
Yes. You asked this is multiple places. See your question, here:
https://proconnect.intuit.com/community/coronavirus/discussion/re-401-k-10-penalty/01/124111#M964
