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Level 2
February 22, 2021
Question

How do you eliminate the 10% for Retirement Deduction because of Covid-19

  • February 22, 2021
  • 3 replies
  • 17 views
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3 replies

Level 6
February 22, 2021

i got thru to irs believe it or not and they told me to use"code 2 exception applies

even thou the dis code is 1.i will do that and see what happens

i did get the irs agents # and id

regards, LARRY

Just-Lisa-Now-
Intuit Community Champion
February 22, 2021

Form 5329, exception 12 - Other is whats used for the penalty relief due to Covid.

If you want to spread the taxability of the distribution out over 3 years, you'll need Form 8915E which wont be ready until the end of this week.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
chip112Author
Level 2
February 22, 2021

Thanks !  That was very helpful