ayalastaxes
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 3
		
	
				
		
	
		
			
    
	
		
		
		02-19-2021
	
		
		06:07 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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						I have a client that is trying to see if he qualifies to wave the early distribution penalty, but has a distribution code 1 in box 7.
					
				
			
			
				
			
			
				
			
			
			
			
			
			
		
		
		
	
	
	
		
			
				
						
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			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-19-2021
	
		
		07:16 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Covid distributions get reported on Form 8915-E which wont be available until next week.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
			
		
			
	
	
			
				
		
		
			ayalastaxes
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 3
		
	
				
		
	
		
			
    
	
		
		
		02-20-2021
	
		
		03:08 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Hi Lisa, Thanks for the response. So no other/extra code is needed, just enter it in the area correspondent to that 8915-E.
			
		
			
	
	
			
				
		
		
			itonewbie
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-20-2021
	
		
		09:31 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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@ayalastaxes You may refer to this article for detailed instructions:
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		Still an AllStar
			
		
			
	
	
			
				
		
		
			qbteachmt
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		02-20-2021
	
		
		10:44 AM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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"So no other/extra code is needed"
Form 5329, 8915-E, and the list of reasons is at the IRS:
Since the reason for withdrawal is a "self-certified" process, not all distributions are already identified as Qualified. It's being left up to the tax payer to confirm it is a qualified distribution.
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