qbteachmt
Level 15
03-15-2021
01:53 PM
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All of the forms 8915 are for various disasters, identified by year (the suffix) and all provide for a three-year spread for reporting the taxable income; they also have the option on this form to report all of it in the year of the payout. The -E is specifically for 2020 disasters.
The waiver for the early distribution penalty is part of the 1099-R worksheet in the tax prep programs; it also is on the form 5329 when exceptions apply.
A declared disaster is typically given consideration for special rules applying for distributions. But the rules vary. You have to read what applies to the situation at hand.
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