The CARES Act temporarily allows individuals to make penalty-free withdrawals from certain retirement plans for coronavirus-related expenses, permits taxpayers to pay the associated tax over three years, allows taxpayers to recontribute withdrawn funds, and increases the allowed limits on retirement plan loans. Does anyone know if Proseries automaticaly calculates the prorated penalty or do we have to manually select something to calculate?
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Even when it's available, you'll need to print the F.8915-E to a PDF and attach it to the return before e-filing. See this article for the details:
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