jayboothcpa
Level 1
02-20-2021
12:40 PM
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In the program, how do you get the early distribution penalty abated because of COVID?
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dascpa
Level 12
02-20-2021
12:41 PM
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Please look at the 3,000 prior messages about this. The form is not ready yet. Hopefully in a week. For the future, please do a search before posting. May save you time.
qbteachmt
Level 15
02-20-2021
12:45 PM
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Penalty = Form 5329.
You also need Form 8915-E.
Did you look at the Form Availability? You can Bookmark this link. You should use it frequently, because the release dates have changed.
https://proconnect.intuit.com/proseries/forms-finder/
Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Taxpayer) | Final on 02/25/2021, EF on 02/25/2021 |
Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments (Spouse) | Final on 02/25/2021, EF on 02/25/2021 |
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