I'm sure this has been covered but I can't seem to find it.
My client liquidated an 18k IRA due to Covid and loss of job. I'm not sure which form/code to use to indicate this. Also, we are in Michigan.
Thank you, Community. 🙂
Solved! Go to Solution.
On the 1099-R form you can designate under the Qualified Disaster section for 2020 Coronvirus distribution and the next 2 lines. You then have to go to form 8915-E and designate if it is to be paid all in one year or over 3 years.
The 8915-E has been available for over a month in ProSeries.
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