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Level 1
May 12, 2021
Question

Retirement distribution and the 10% penalty

  • May 12, 2021
  • 2 replies
  • 25 views

I am having difficulty getting the program to take off the 10% penalty for the cares act distribution.  I have clicked on the covid 19 disaster, but the 10% penalty still shows up how do I override this or get the program to take it off?

 

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2 replies

qbteachmt
Level 15
May 12, 2021

Here is your Help article:

https://proconnect.intuit.com/community/individual/help/proseries-form-1099-r-faq-s/00/4853

And read the Form 8915-E instructions, to be sure everything qualifies.

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Just-Lisa-Now-
Intuit Community Champion
May 12, 2021
2 boxes on the 1099R worksheet for the covid disaster, both need to be checked for it to send the info to the 8915E
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪