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Cares Act IRA Distribution - 3 year spread of taxes

CAPCPA
Level 2

Cares Act indicated distributions from retirement accounts could waive the 10% penalty and distributions taxation could be spread over 3 years (or repaid in 3 years).  How do you effect the 3 year spread in ProSeries?  I've looked throughout the 1099-R entry worksheets and can not find this selection/option. 

 

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Just-Lisa-Now-
Level 15
Level 15

The 1099R worksheet should have a disaster section to choose Covid and then the 8915E will populate

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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3 Comments 3
IRonMaN
Level 15

8915E


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15

The 1099R worksheet should have a disaster section to choose Covid and then the 8915E will populate

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
CAPCPA
Level 2

Thank you.  I had checked the box for ROTH conversion which had blocked the disaster designation (created an error message when both are checked).  Headed the right direction now.