Question
Coronavirus Related Waiver of 10% Early Withdrawal Penalty Form 8915-E
Checked the box on Form 1099-R that the distribution was "2020 Coronavirus-related Distribution," not subject to the 10% early withdrawal penalty. Form 8915-E states "For coronavirus, check this box," but it is automatically calculated. How do we get that box to populate and will it remove the penalty? Or are we supposed to use Form 5329, Line L (which I understood was NOT the IRS preferred method to waive the 10% penalty)?
