IntuitJim
Employee
Employee

Great question!

A coronavirus-related distribution is not subject to the 10% additional tax under § 72(t) of the Internal Revenue Code (Code) (including the 25% additional tax under § 72(t)(6) for certain distributions from SIMPLE IRAs), generally is includible in income over a 3-year period, and, to the extent the distribution is eligible for tax-free rollover treatment and is contributed to an eligible retirement plan within a 3-year period, will not be includible in income. 

In PTO, on the Pensions (1099-R) screen, enter the gross and taxable amounts as usual, enter the distribution codes. Then select the ‘Less Common Scenarios’ menu on the top | Qualified coronavirus-related / disaster distributions included in gross distribution | Enter the amount of the disaster amount (taxable). That will defer 2 thirds of the distribution for the current tax year. 

https://proconnect.intuit.com/community/form-1099-r/help/how-to-enter-coronavirus-related-retirement...

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