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Level 3
February 16, 2021
Solved

CARES Act for distributions from retirement plans

  • February 16, 2021
  • 6 replies
  • 23 views

How do you enter waiver of 10% penalty from 1099R with code 1 for a coronavirus-related distribution

in ProSeries? Also how do you report distribution ratable over 3 years?

This topic has been closed for replies.
Best answer by Just-Lisa-Now-

If you scroll down to the disaster section of the 1099R worksheet, you'll find that the required forms for the 3 year spread isnt available yet, were waiting on the 8915E

6 replies

Just-Lisa-Now-
Intuit Community Champion
February 16, 2021

If you scroll down to the disaster section of the 1099R worksheet, you'll find that the required forms for the 3 year spread isnt available yet, were waiting on the 8915E

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
pg47Author
Level 3
February 16, 2021

Thanks. What about the waiver of the 10% penalty?

qbteachmt
Level 15
February 16, 2021

You need form 5329 for the exception as Other, as well as 8915-E for the deferral (or not) over 3 years.

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