twisniewski7
Level 3

Ive clicked the box for 2020 Corona Virus Related Distribution and the penalty is not waived. When I enter the amount on line B "Amount of Qualified Distribution", it then splits the distribution in 3 and only taxes a third of the distribution and waives the penalty. How do can I waive the penalty while paying tax on the entire amount?

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twisniewski7
Level 3

I thought the update was supposed to be today.

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qbteachmt
Level 15

"How do can I waive the penalty"

Form 5329

"while paying tax on the entire amount?"

Form 8915-E (T or S)

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twisniewski7
Level 3

There is no 8915-E for 2020 available, I updated pro series 3 times today.

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chasetax
Level 7

8915e is there--under select forms--go to the column that has form 8910 at the top--look down the column and the forms are confusing--you will see form 8915e-t(taxpayer) and 8915e-s(spouse)

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twisniewski7
Level 3

Thank you so much!

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