MAER356
Level 2
3 weeks ago
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Taxpayer is not yet 59.5 years old. Proseries is calculating the 10% penalty. How do I indicate that as a result of the pandemic and CARES Act taxpayer is not subject to the premature penalty of 10%?
Thank you.
3 Replies 3
IRonMaN
Level 15
3 weeks ago
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Form 5329 - "other" exception. But technically you are supposed to wait for form 8915E to be finalized before you can go that route.
This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)
JETT
Level 1
3 weeks ago
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At the bottom of the 1099-R worksheet. You will have to wait until Feb 25 for the form to be ready.
qbteachmt
Level 15
3 weeks ago
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.