When checking the 2020 Coronavirus-related distribution on the 1099R worksheet, the software errors and says to update ProSeries (the reason). I have updated Proseries and it still is there.
When will this be fixed.
Solved! Go to Solution.
Hi Jeffrey, go to Form 5329. Scroll down a little bit. Enter the amount of the distribution on Line L. You will see the software will input code 12 on Line 2. And it should waive the 10% penalty. I already used it and it works. Thank you.