2084
Level 4
05-03-2021
11:27 AM
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I entered distribution information for a client that qualified for the 2020 Coronavirus-related distribution and also checked on the 8915-e to see if there was a location to remove the penalty for early withdrawal code 1 associated with the distribution on the form 1099R. The total distribution was $50,000. but he is only using $30,000.00 of that for the qualified disaster amount. I am still coming up with a Early Withdrawal penalty on Schedule 2. What I need to do to correct.
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