Ghost-Tax
Level 3

Client that took out 100k from his 401k. Early distribution and he is under 59 1/2 yo. Today, 03/18/21 I could not find the form on proseries. Do you have any suggestions on when the form will be done or any other options?

While I filled out form 1099-r towards the bottom of the form there are two options:

A If this is a qualified disaster distribution...2020 coronavirus-related distribution is an option (I clicked on that one and it does not change anything in the amount owed) and also

B Amount of qualified disaster distribution with 2 options: entire distribution qualified or amount that is qualified ...

 

If both A & B are clicked then the early penalty disappears.

Anybody had to deal with this?

 

Thanks

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